Agreement reached on multibillion-dollar Pathways carbon capture and storage project

Canada, Alberta and five members of the Oil Sands Alliance signed an agreement to advance the multibillion-dollar Pathways carbon capture and storage project alongside policies supporting oilsands production and a proposed West Coast pipeline. The project would transport captured CO₂ from northern Alberta oilsands facilities to an underground storage hub near Cold Lake. Infrastructure is expected to enter service in stages from January 2032, with completion targeted for 2035 and annual transport and storage capacity of approximately six million tonnes. Canada will extend investment tax credits of 50% for eligible capture equipment and 37.5% for transportation, storage and utilization equipment through 2035, while Alberta will finalize provincial incentives.
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