Agreement Reached on Multibillion Dollar Pathways Carbon Capture and Storage Project Last week's agreement on the multibillion dollar Pathways carbon capture and storage project has been hailed as a major breakthrough in reducing Canada's carbon footprint.
However, beneath the surface of this deal lies a more complex story. The Pathways project itself is not revolutionary; carbon capture and storage (CCS) has been a staple of industry wish lists for years.
Yet, the sheer scale of this initiative, coupled with the government's commitment to extend investment tax credits for CCS equipment through 2035, lends an air of urgency to the endeavour.