13:44:10 EST Tue 24 Feb 2026
Enter Symbol
or Name
USA
CA



Cenovus Energy Inc
Symbol CVE
Shares Issued 1,880,067,002
Close 2026-02-23 C$ 30.88
Market Cap C$ 58,056,469,022
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FP says Cenovus hears carbon capture deal in the works

2026-02-24 07:47 ET - In the News

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The Financial Post reports in its Tuesday, Feb. 24, edition that oil sands producers and Alberta and federal governments are in talks before an April 1 deadline for a deal linking a carbon capture proposal to increased crude production and a new pipeline. The Post's Meghan Potkins writes that Kendall Dilling, head of the newly rebranded Oil Sands Alliance, formerly known as Pathways Alliance, said: "You've got three parties working really hard, meeting multiple times a week, all determined to get to 'yes.' There's lots of big challenges. ... There's still a lot to do. Whatever is or isn't announced on April 1, there's months of detailed work ahead. April 1 is another milestone, as opposed to some definitive endpoint." Alberta's new memorandum of understanding with Ottawa emphasizes that emissions-saving projects, like the Pathways carbon capture hub, are essential for the proposed West Coast pipeline. The deal could form the linchpin of Premier Danielle Smith's self-described "grand bargain," which links investment in emissions reductions to expanded oil sands production and access to new markets through a new one-million-barrel-per-day bitumen pipeline to the B.C. coast.

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