The failure of Premier Danielle Smith and Prime Minister Mark Carney to resolve the outstanding conditions of the 2025 MOU by April 1 deadline was utterly predictable, but nevertheless still depressing.

Who seriously expected that Carney would eliminate the two conditions that impose untenable costs on future Alberta hydrocarbon development and its required infrastructure — namely, open-ended carbon taxes on industrial emissions and the imposition of carbon capture and sequestration (CCS)?

They are conditions to which Carney remains committed, if only to preserve Canada’s credibility on net-zero, regardless of the attendant self-destructive economic consequences.

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This result arises in the context of the past 11 years of federal Liberal governance, during which Alberta has been perversely frustrated in realizing its full economic potential from hydrocarbon development. A value loss in the hundreds of billions.

2015: The rejection of the Northern Gateway pipeline project, linking Alberta oilsands to Asian crude markets.

2017: The loss of the........

© Calgary Herald