"Canada's Prime Minister Mark Carney has signed an agreement with Alberta's premier that will roll back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast. Under the agreement, which was signed on Thursday, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity in exchange for a commitment by Canada's top oil-producing province to strengthen industrial carbon pricing"
"Carney is counting on the energy sector to help the Canadian economy weather uncertainty from United States President Donald Trump's tariffs, and is seeking to diversify from the US market, which currently takes 90 percent of Canada's oil exports. He has relaxed some environmental restrictions implemented by his predecessor, Justin Trudeau, while reaffirming his commitment to net-zero carbon emissions by 2050."
Canada and Alberta reached a deal to roll back selected federal climate rules to encourage energy investment and support a potential West Coast pipeline. The federal government will scrap a planned oil-and-gas emissions cap and remove certain clean electricity rules in exchange for Alberta strengthening industrial carbon pricing and backing a carbon capture-and-storage project. Alberta is exploring a new crude pipeline to British Columbia's northwest coast to increase exports to Asia, though no private company has committed to build it. The federal government agreed to adjust the Oil Tanker Moratorium Act, while British Columbia and other opponents have voiced resistance. The government signals balancing near-term energy growth with a stated net-zero emissions goal by 2050.
Read at www.aljazeera.com
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