A historic oil pipeline deal between the federal and Alberta governments — set to be announced on Thursday — could lead to more production in the oilsands, cementing Canada’s position as one of the world’s largest fossil fuel producers, while pushing its climate targets even further out of reach.

At the same time, the deal could help strengthen the crown jewel of Canada’s climate plan: the industrial carbon pricing system, which is considered by experts to be Canada’s strongest tool to push companies to drive down their emissions, bring new efficiencies to the oilpatch and spur investment into expensive carbon capture projects.

Ottawa, Alberta agree to broad outlines of energy deal, including support for pipeline

“It has the potential to work. This could actually be a watershed

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