Pathways Alliance to file for regulator approval on carbon capture project [Financial Post (Toronto, Ontario, Canada)]
Suncor Energy Inc. (SU)
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Source: Financial Post
CALGARY — A consortium of Canada's largest oilsands companies said it aims to submit an application before the end of the week for approval of its proposed $16.5-billion carbon capture pipeline project. Pathways Alliance spokeswoman Jerrica Goodwin confirmed the expected timeline in an email Thursday. Article content The oilsands group — whose membership consists of Suncor Energy Inc., Canadian Natural Resources Ltd., Cenovus Energy Inc., Imperial Oil Ltd., MEG Energy Corp. and ConocoPhillips Canada — has previously stated that it cannot make a final investment decision for its marquee project until it has the Alberta Energy Regulator's approval in hand. Article content Once underway, the regulatory process is expected to take at least a year. But in an interview in November, Pathways president Kendall Dilling said that any filing for regulatory approval should be interpreted as a sign of commitment by the companies to the project. “I do think it's fair to say that as w
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