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Alberta and Ottawa strike sweeping deal to boost oil exports, scrap federal caps and push oil to Asia

Alberta and Ottawa have signed a sweeping new energy accord that Premier Danielle Smith says marks a “new starting point for nation building,” including a pledge from Prime Minister Mark Carney’s government to shelve its oil and gas emissions cap, suspend clean power rules, and back a major indigenous-owned pipeline to get oil to Asian markets.

The agreement, signed Wednesday, clears the way for a privately financed, indigenous co-owned bitumen pipeline capable of moving more than one million barrels per day to a deep-water port on the Pacific coast.

(Incognito)

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