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Canada is struggling to get a key tool in place for major carbon capture and storage (CCS) projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta's oil sands. A government fund has told the Pathways Alliance, comprised of the six largest oil and gas producers in Canada, that their project is too large and too risky for a contract for difference, a tool which would lock in future carbon credit prices, the representative told Reuters.

Josie kaoAdam auerJustin trudeauSteve schererDenny thomasJessica eritouCenovus energyImperial oilPathways allianceGrowth fundAssociation of canadaCanada growth fundCanadian natural resources ltdSuncor energyFinance ministryPrime minister justin trudeau