The Alberta oil company CEO told Calgary’s Global Energy Show that the Ottawa-Alberta deal that lashes a new pipeline together with the multibillion-dollar Pathways carbon capture project makes both of them impossible in Canada’s current business environment. (Bloomberg)

Talking point: Prime Minister Mark Carney and Alberta Premier Danielle Smith affirmed in May that neither effort will go forward without the other, years after the federal government stepped in to save the Trans Mountain pipeline expansion from growing costs and regulatory uncertainty it faced as a project on its own. Federal Natural Resources Minister Tim Hodgson has said oilpatch companies can afford the Pathways carbon sink—which several of them, including Cenovus, actually proposed. A pipeline faces difficulty getting support from British Columbia and First Nations along any potential route; Alberta minister Rajan Sawhney said at the Calgary trade show that the province will submit a proposal to federal regulators with a general corridor leading to the Pacific coast near Prince Rupert, with details to be determined later.