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Alberta Sees Oil Sands Carbon Capture Deal Within Two Months

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Alberta expects to reach an agreement with oil companies on deploying carbon capture technology in oil sands within one to two months, Bloomberg reported Friday, citing Premier Danielle Smith.

A deal with the Pathways Alliance carbon capture project would remove one of the final obstacles under a broader agreement between Alberta and the federal government tied to emissions policy and energy infrastructure expansion.

The Pathways group includes major oil sands producers Canadian Natural Resources, Suncor Energy, Cenovus Energy, Imperial Oil and ConocoPhillips.

Smith said pipeline details are expected by July 1, with Alberta targeting conditional approval by Oct. 1, according to Bloomberg.

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