The great mystery of the Pathways carbon capture project: Who's going to pay for it?
The 'Pathways' carbon capture project in Alberta's oilsands faces scrutiny over its funding model and environmental efficacy. Critics argue that the project, which has significantly scaled back its carbon reduction targets, serves as a 'fig leaf' for the industry rather than a genuine climate solution.
The initiative — now called the Oil Sands Alliance — brought together five major companies that account for almost all production in Alberta's oilsands in an effort to tackle emissions. Their major carbon capture project aimed to transport CO2 from about 20 oilsands facilities and store it permanently underground in a new hub near Cold Lake, Alta.
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