Oil man Carney? Let’s not get too captured just yet

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But before everybody gets carried away with the dream (or nightmare for climate activists and former Carney green backers) that Canada is about to revive its fossil fuel prowess, one major cloud hangs over the prospect.
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There will be no oilsands production boom unless the two obstacles noted by Morningstar DBRS are removed. The first — oil and gas prices — are beyond anyone’s control. The second obstacle is Ottawa’s requirement that new fossil-fuel projects must find ways to eliminate or offset their carbon emissions.Former National Energy Board member Ron Wallace, in a paper published this week in C2C journal, uses the word “boondoggle” in his review of the feasibility of the Pathways carbon capture. “Decarbonizing is neither economically viable nor just,” says Wallace. “A cynic might regard requirements for decarbonized Western Canadian-produced oil to be a mere sophistry whereby the Canadian government professes conditional support for another oil pipeline while imposing terms that are impossible to meet.”
https://ca.finance.yahoo.com/news/terence-corcoran-oil-man-carney-100017484.html