PODCAST: Ottawa and Alberta strike historic "Grand Bargain" on pipeline and policy
Description
It was a day of great significance Thursday in Calgary as Alberta Premier Danielle Smith and Prime Minister Mark Carney signed off on a new memorandum of understanding (MOU).
In this episode of the Rob Breakenridge Show, we’ll take a closer look at this energy agreement and what it all means. The MOU identifies a proposed new pipeline to the west coast as being a project that’s in the national interest. That new pipeline, though, is linked to the Pathways carbon capture project and a higher industrial carbon price to back that up.
Alberta does win concessions on two major fronts: the oil and gas emissions cap and the Clean Electricity Regulations will no longer be in force in the province. The west coast tanker ban could also be adjusted as needed to accommodate a new pipeline.
We’ll hear comments from Carney, Smith, as well as BC Premier David Eby. We’ll also have a conversation with Adam Legge, president of the Business Council of Alberta - they’re quite encouraged by this agreement.
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