Canada Oil Pipeline Companies Throw Money At Energy Transition

Canadian pipeline operators have just announced plans to develop a massive carbon transportation and sequestration system, weeks after the largest oil sands producers formed a collaboration initiative to achieve net-zero emissions from operations by 2050. These plans are just the start of an upcoming massive allocation of capital and planning in the efforts to reduce emissions from one of the world’s most carbon-intensive ways to pump oil, officials in Alberta say. On Thursday, TC Energy—which definitively canceled the Keystone XL pipeline…