On May 15, 2026, Canada and Alberta signed and implementation agreement related to an MOU signed in Nov. 2025. The new agreement was intended to clear the way for Alberta (via a corporate proponent) to build a pipeline to the West Coast. The purpose is to get Alberta oil sands oil to international markets so that a higher price can be achieved. Presently, most of Alberta’s oil is sold to the US at a much lower rate than world market prices. Effectively, Alberta has been landlocked by geography and the decades long “Tar Sands Campaign”. Prime Minister Carney put many conditions on the proposed pipeline, including that the Alberta TIER carbon price would have to go up six times and that the Oil Sands Alliance would have to build the Pathways Carbon Capture Utilization and Storage (CCUS) project, intended to store carbon dioxide emissions from oil sands operations underground. This is known as a Permanent Carbon Removal, in the world of carbon traders. Friends of Science Society wrote an Open Letter to Premier Danielle Smith, expressing concerns about the agreement. There have been many recent revisions in the world of climate science – a climate catastrophe was based on a computer modelled scenario known as RCP 8.5/SSP5-8.5. This model has now been formally deemed ‘implausible’ by the climate science authority in charge of such documentation. The US DoE report issued in August of 2025 showed that climate models were wildly skewed to run ‘hot’ – and did not reflect observed temperature data. An economic catastrophe benchmark study used by central banks was formally Retracted by NATURE in Dec. 2025, meaning that ‘climate risk’ was no longer ‘hot house world’. And finally, the USA has repealed the CO2 Endangerment Finding, upon which Canada’s Social Cost of Carbon (SCC) was based, and from which the Carbon Tax rate was developed. This video explainer walks through the key points of the letter to Premier Smith, and includes some additional material for background, for those who may not be aware of some issues on energy or climate. Note that at the 29:21 mark Eric Nuttal is quoted indicating a loss or forfeiture of 20 billion barrels of oil if the Strait of Hormuz remains closed until July. That’s 100 to 105 days of exports through the strait at 19 to 20 million barrels a day. In fact, this production is not lost or forfeited. It is deferred. None-the-less, there will be significant global consequences due to this deferral of essential energy stocks and other valuable materials stuck in the Strait of Hormuz. We hope you find this informative.

See the PDF file of the slides and video of this issue below.

Canada-Alberta-Implementation-AgreementDownload