Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to the broad outlines of a memorandum of understanding that would give Alberta special exemptions from federal environmental laws and offer political support to a new oil pipeline to the B.C. coast, CBC News has learned.
The deal is set to be formally announced at a joint Carney-Smith news conference in Calgary on Thursday.
It would be contingent on Alberta embracing a stricter industrial carbon pricing regime and a multibillion-dollar investment in carbon capture from the Pathways Alliance of oilsands companies, according to sources who spoke to CBC News.
I like how we’re sinking more money into a dying industry instead of spending it to push renewables and become a leader there. What happens when our pipelines are worthless? Our land becomes fucked, our economy becomes fucked, and we have nothing left.