Why the updated Alberta–Ottawa energy deal still comes with lingering uncertainty

Bill Whitelaw, executive director of Rextag and a fellow with the Energy Futures Lab, says the updated Alberta–Ottawa energy MOU is designed to create enough certainty to attract private investment into a proposed West Coast bitumen pipeline. While the agreement raises Alberta’s effective industrial carbon price to $130 a tonne by 2040, he argues investors will be paying closer attention to the future floor price beginning in 2030, since that is what will ultimately shape long-term capital decisions. He also warns Indigenous consultation, legal challenges, public buy-in, and doubts around the Pathways carbon capture proposal could still derail the project.The Hub is Canada’s fastest-growing independent digital news outlet.Subscribe to our YouTube channel to get our latest videos: https://www.youtube.com/@TheHubCanadaSubscribe to The Hub’s podcast feed to get our best content when you are on the go:https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Want more Hub? Get a FREE 3-month trial membership on us: https://thehub.ca/free-trial/Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS:Falice Chin - Host, Producer, and Editor  Hosted on Acast. See acast.com/privacy for more information.