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The MOU is a vision; Canada still needs the pathway

Some view it as an important step toward reconciling economic growth with emissions reduction, while others remain skeptical

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The recent Alberta–Canada memorandum of understanding (MOU) on industrial carbon pricing has generated both optimism and concern. Some view it as an important step toward reconciling economic growth with emissions reduction, while others remain skeptical.

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Portions of Alberta’s energy sector, particularly the oilsands industry, are concerned that industrial carbon pricing could undermine competitiveness unless the other components of the MOU — including carbon capture, utilization and storage (CCUS), active carbon-credit markets, and supporting regulatory and financial frameworks — operate in an integrated and efficient manner. CCUS involves capturing carbon dioxide from industrial processes and either using it in commercial........

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