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Carney-Smith Pipeline Deal: High Stakes, Big Goals
Description
Prime Minister Mark Carney and Alberta Premier Danielle Smith unveil a major energy deal, targeting a 2027 groundbreaking for a West Coast bitumen pipeline. Alberta agrees to new carbon pricing, while the federal government declares it a national interest. The deal faces criticism, with environmental groups calling it a step backward and some provincial leaders accusing Ottawa of favoritism. The pipeline project depends on the Pathways carbon-capture initiative and aims to transition to a net-zero electricity grid by 2050. The timeline is ambitious, with oil potentially moving by 2033 or 2034, and no private company has yet agreed to own the project.
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