"Alberta Premier Danielle Smith and Prime Minister Mark Carney finalized terms for a memorandum of understanding. The deal links the approval of a new West Coast oil pipeline to the implementation of the 'Pathways' carbon capture and storage (CCS) project. The agreement includes carbon contracts for difference (CfDs) and federal/provincial tax credits to support the multibillion-dollar CCS project. The Pathways project capacity is scaled down to 16 million tonnes of CO2 per year."