Cenovus Energy CEO says Alberta, Ottawa must ‘turn down temp,’ talk more

, which is part of an alliance of Canada’s biggest oil sands producers, on Monday said friction between the federal and Alberta governments was making it difficult to hold meaningful discussions on funding carbon capture and storage technology needed to decarbonize the oil and gas sector.

So far the federal government has unveiled an investment tax credit worth C$2.6 billion over the next five years, but both Ottawa and Alberta say the other should contribute more. “I’ve had both levels of government telling me that they’re supportive of doing that and engaging on that. I think it has not occurred yet to the level it needs to resolve the differences that the groups may have,” he added.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada must act as Europe’s energy ‘tragedy’ shows ‘cautionary tale’: Cenovus head - Montreal | Globalnews.caThe European Union is looking down the barrel of a severe energy crisis as Russia continues to weaponize its supply of natural gas to the region. Yeah, don’t depend on foreign oil. Especially when you have oil sands. Refine your own oil and stop politicians who want to outsource and fill their own pockets while killing jobs.
Source: GlobalNational - 🏆 81. / 51 Read more »