Latest news with #BClocation

National Post

Varcoe: Carney says it's 'highly likely' an oil pipeline will make Ottawa's major project list

Article content 'Yeah, that does rise towards the level of nation-building, because we're building a new industry and it unlocks other things,' he added. Article content Alberta's premier also showed up at Saturday's pancake breakfast, outside a United Brotherhood of Carpenters' hall, and briefly bumped into the prime minister. Article content In a later interview, Smith welcomed Carney's comments that an oil pipeline will likely make the federal list, and his remarks on the merits of the carbon capture initiative in the oilsands. Article content 'That's what I've been hoping to see,' Smith said. Article content 'I can see why our customers want a lower carbon product. It seems to me like those two projects together make perfect sense, and I'm hoping we can come to a deal on that.' Article content However, Smith believes several hurdles still need to be removed by the federal Liberal government before any new pipeline can gain the necessary investor and producer confidence. Article content Article content This would include changing the federal emissions cap on the oil and gas industry, the Impact Assessment Act, and the tanker ban off the northern B.C. coast. Article content Carney said the federal government wants to see more oil and gas produced, and decarbonized, in Canada. He suggested there would be ways to build projects and deal with the tanker ban. Article content 'We're not going to have a project that gets oil to tidewater and it stays there.' Article content