Robert Tuttle

Alberta’s planned oil pipeline to the west coast requires Canada to shift away from stricter climate policies and toward promoting greater oil production from new projects, Cenovus Energy Inc.’s chief executive officer said.

Ottawa wants to weaken its dependence on the US, but Washington has other ideas.

Canada should hold onto ownership of the Trans Mountain oil pipeline long term because of the asset’s strategic nature, according to the head of the Crown corporation that manages Trans Mountain Corp.

The Alberta and Canada governments are finalizing an agreement to ramp up the province’s industrial carbon price to C$130 ($95) per metric ton by 2040, a key step toward federal support for a new crude pipeline going to the Pacific coast.

Canada and Alberta have reached a deal on carbon pricing that would pave the way for construction of a new oil pipeline starting as early as 2027, while scaling back the scope of a carbon capture project that Ottawa has tied to the deal.

Alberta expects to reach an agreement with oil companies on the deployment of carbon capture technology in the oil sands in the summer, the province’s premier said on Friday.

Alberta’s proposed million-barrel-a-day pipeline to the British Columbia coast will require Canada’s oil industry to invest more than C$100 billion ($72.5 billion), the chief executive officer of Imperial Oil Ltd. says.

Trans Mountain Corp. plans a second open season this summer for energy firms to secure long-term capacity on the sole oil pipeline running from Alberta to the British Columbia coast, the company’s chief executive says.

(Bloomberg) – Wildfires have erupted in Canada's oil sands-producing region of Alberta with large blazes within 20 kilometers (12.4 miles) of about half a million barrels a day of crude production.

Wildfires that erupted on Friday and Saturday in the Canadian oil sands-producing region of Lac la Biche in Alberta have been reclassified as being held or under control, according to Alberta Wildfire.