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The Alberta government, Ottawa and five major oilsands producers have signed a memorandum of understanding to advance the multibillion-dollar Pathways carbon capture and storage project.
The Pathways project is a condition for a new West Coast oilsands pipeline moving ahead.
The federal government has committed to extending investment tax credits for various carbon capture equipment to 2035.
Alberta says it will finalize its own incentive program for carbon capture.
The memorandum of understanding says the Pathways project would proceed in stages, with a Jan. 1, 2035, completion date.
The members of the consortium behind the Pathways alliance are Canadian Natural Resources, Imperial Oil, Suncor, Cenovus and ConocoPhillips.
Read the Full Alberta Government Press Release Here
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