Alberta and British Columbia (BC) have reached a framework agreement to clear the path for new oil pipeline developments to connect oil sands in Canada to the Pacific coast.
The deal aims to move energy resources to new markets, laying out the terms under which negotiations can be carried out for a future project. It does not support any pipeline or energy export project specifically.
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Alberta has agreed to accept five conditions from BC for pipeline approval, and agrees that BC can negotiate with the industry on appropriate economic benefits.
Reached between Alberta and BC Premiers Alison Redford and Christy Clark, the framework agreement will also see the BC government endorse Redford’s energy strategy.
Alberta will not share royalty revenue from oil production in the province. Clark’s five conditions also include oil-spill response and clean-up systems, as well as aboriginal consultations.
Image: The deal between Alberta and BC lays out the terms under which negotiations can be carried out for a future pipeline project. Photo: courtesy of puttsk / FreeDigitalPhotos.net.
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