The Financial Post reports in its Friday edition that Prime Minister Mark Carney is seen as a key decision-maker for two major pipeline projects that could increase Canada's carbon emissions, even as the country aims to reduce them. The Post's Terrence Corcoran writes that a significant challenge, however, lies ahead: A production boom in the oil sands depends on overcoming two hurdles identified by Morningstar DBRS. The first, fluctuating oil and gas prices, is uncontrollable, and the second needs new fossil-fuel projects to offset their carbon emissions. To advance Keystone XL and boost oil shipments from Alberta, oil companies must secure approval for a carbon capture facility linked to the Pathways Alliance -- an initiative Mr. Carney deems "potentially viable" yet "a necessary condition" for the pipelines. How can a project that is merely "potentially viable" also be crucial for pipeline approval, Mr. Corcoran asks. Ron Wallace, a former National Energy Board member, critiques the feasibility of Pathways carbon capture, calling it a "boondoggle." He argues that decarbonizing is neither economically viable nor just, suggesting that Ottawa's conditional support for Western Canadian oil pipelines includes impossible terms.
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