Carney, Smith reach energy agreement that could see pipeline construction start in 2027
The pact would raise Alberta’s industrial carbon price and lets the province seek federal approval for a West Coast pipeline by July 1.
- On Friday in Calgary, Prime Minister Mark Carney and Alberta Premier Danielle Smith announced a climate and energy agreement enabling West Coast oil pipeline construction as early as September 2027, with Alberta submitting a proposal by July 1 and federal designation by Oct. 1.
- Building on a November memorandum of understanding, the agreement follows last week's federal proposal to accelerate major project approvals by streamlining regulatory timelines and assessments for infrastructure like pipelines.
- Alberta will serve as the project's proponent with no private sector route yet identified, while both governments committed to consulting Indigenous peoples and engaging British Columbia on the pipeline application.
- Officials project the pipeline could deliver oil by 2033 or 2034, while the agreement raises Alberta's industrial carbon price to $130 effective and $140 headline per tonne by 2040, with both projects mutually dependent.
- The negotiated carbon prices fall below the $170 per tonne originally projected for 2030, potentially requiring federal flexibility with other provinces, as Carney announced Thursday a national grid-doubling strategy by 2050 with expanded natural gas power.
106 Articles
106 Articles
Carney pitches Alberta pipeline pact as proof Canada still works
OTTAWA — Canada’s Prime Minister Mark Carney struck a pipeline agreement with oil-rich Alberta on Friday, presenting it as proof of a “Canada that works” amid a separatist strain in the province. Carney and Alberta Premier Danielle Smith met in Calgary to sign a deal that could eventually move more than 1 million barrels of Canadian oil a day to the Pacific, creating a direct export route to major energy markets in Japan, South Korea, China and …
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Carney, Smith sign carbon price deal, suggest 2027 pipeline
Prime Minister Mark Carney and Alberta Premier Danielle Smith said Friday they’re eyeing a fall 2027 start date for construction of a new bitumen pipeline to the West Coast. It’s part of a plan to accomplish the remaining steps of the landmark energy deal they signed last fall. There is to be a new scheme for carbon emissions pricing in Alberta, and a commitment from Carney to declare the pipeline as being in the national interest by October of …
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