The world is looking for more energy. Canada is trying to get major projects built.

Alberta wants a new oil pipeline built to the British Columbia coast. Ottawa wants a major carbon capture network developed in this province.

Alex Pourbaix, chair of Cenovus Energy and a former executive at TransCanada Corp., finds himself at the heart of the action in this country.

And he’s hoping Canada can avoid a repeat of the pitfalls that led to major projects such as Energy East failing to progress last decade, as the country now looks to get more natural resources to hungry global markets through new developments.

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“We just need to understand, what are the rules of the road . . . I hope we’re going to get to a good outcome,” Pourbaix said Monday.

“The biggest concern industry has is that we don’t ever want to be in a position again where we’ve had to invest hundreds of millions of dollars in a proposed project, only to find out at the 11th hour and 59th minute that it is not going to meet the political hurdle.”

Cenovus Energy is one of five major oilsands producers examining the Pathways carbon capture network in northern Alberta.

The group is in trilateral talks with the province and Ottawa on the proposal, as part of the broader energy memorandum of understanding (MOU) signed by both governments in November.

A deadline for the Pathways agreement as part of the MOU arrives Wednesday, although Premier Danielle Smith has suggested it could be extended.

Pourbaix is co-chair on the province’s technical advisory panel that is........

© Calgary Herald