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Varcoe: With election over, can government and oilsands industry find path forward for $16.5B carbon capture project?

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yesterday

With the 2025 federal election in the books, can the mammoth $16.5-billion carbon capture network proposed by the Pathways Alliance — one of the most ambitious developments in the Canadian oilsands — get back on track?

It’s an important question for the province, the industry and the country.

“I have been surprised how long it has taken to get a consensus among all the participants, and I was more optimistic probably two years ago than I am today,” Murray Edwards, executive chair of Canadian Natural Resources, said in an interview Thursday.

“Given the change in global politics, the election of a new president south of the border, clearly, there has been a step back on some of the social-environmental initiatives. And where Pathways fits in that, I think is still to be determined.”

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It’s been almost four years since a consortium of petroleum producers announced plans to work together and reach net-zero emissions from their oilsands operations by 2050.

Oil and gas remains the country’s largest export, a huge creator of jobs, royalties and government revenues.

With rising oilsands production, it’s also the largest emitting sector in Canada, and Pathways Alliance was formed to tackle that issue amid growing climate concerns.

The group includes the country’s largest oilsands operators — Suncor Energy, Imperial Oil, MEG Energy, Canadian Natural Resources, Cenovus Energy and ConocoPhillips Canada.

The alliance’s foundational project would see a 400-kilometre pipeline built to connect more than 20 oilsands facilities in northern Alberta to an underground storage hub near Cold Lake, where CO2 would be........

© Calgary Herald