Oilsands Alliance slashes carbon capture target by 77% despite new pipeline deal and billions in tax credits

The Pathways Alliance, a group of Canada's five largest oilsands producers, has dramatically reduced its carbon capture target by 77% — from 68 megatonnes to approximately 15.6 megatonnes annually. This comes despite a new memorandum between Alberta and Ottawa to facilitate an oilsands pipeline to the West Coast and promises of billions in tax credits to support carbon capture projects. The revised target represents a significant scaling back of the industry's net-zero by 2050 commitments made five years ago.