Bill Whitelaw, executive director of Rextag and a fellow with the Energy Futures Lab, says the updated Alberta–Ottawa energy MOU is designed to create enough certainty to attract private investment into a proposed West Coast bitumen pipeline. While the agreement raises Alberta’s effective industrial carbon price to $130 a tonne by 2040, he argues investors will be paying closer attention to the future floor price beginning in 2030, since that is what will ultimately shape long-term capital decisions. He also warns Indigenous consultation, legal challenges, public buy-in, and doubts around the Pathways carbon capture proposal could still derail the project.
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