Partner and leader of Torys' Climate Change practice, Tyson Dyck, commented in The Globe and Mail on Prime Minister Mark Carney and Alberta Premier Danielle Smith's announcement that they have finalized crucial terms of their MOU. The terms include a carbon-pricing deal and support for a pipeline to the West Coast—on the condition that the energy companies move forward with the multibillion-dollar Pathways CCS project.
Tyson told the Globe the fact that the federal and Alberta governments could come to agreement on such terms provides reason for optimism that Pathways can get built.
Read: A carbon and crude compromise: Canada-Alberta agreement on oil pipeline, pathways and carbon pricing
"This was a significant compromise. There were a lot of hard negotiations that went on behind the scenes to get this deal done. I think it's a marked improvement on the carbon-pricing front relative to what we had a couple of weeks ago," Tyson said.
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