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Varcoe: 'We need to get this across the goal line' — Cenovus CEO hopeful of deal on pivotal carbon capture project

'If we get the regulatory policy framework right ... that will put us in a position where we can commit barrels to that pipeline,' said Jon McKenzie

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Negotiations between Ottawa, Alberta and major oilsands producers on a massive carbon capture project are now two weeks beyond an initial deadline. An agreement on carbon pricing between the two levels of government is also past the April 1 target date.

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Yet, the head of Cenovus Energy, who is also chair of the Canadian Association of Petroleum Producers (CAPP), remains hopeful.

And the entire industry, along with many groups in Canada, are waiting to see if the promise of a ”grand bargain” becomes a reality, and a new oil pipeline and carbon capture network are eventually........

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