A Calgary carbon capture company has signed a first-of-its-kind carbon offtake agreement with the federal government, a significant milestone that some say could help unlock future private-sector investments in decarbonization projects.

The company building the Trans Mountain pipeline expansion has submitted evidence to support its claim that oil companies must pay more in tolls in light of the pipeline project's mounting costs.

The beef industry is casting itself as one of the last lines of defence in protecting Canada's native grasslands — the rippling expanse of natural prairie that once covered a significant swath of the western provinces but which has been largely lost over the past century to crop farming and urban development.

The Canadian Association of Petroleum Producers (CAPP) says the federal government's plan to have the oil and gas sector cut its emissions by more than a third below 2019 levels by 2030 is problematic.

After last week's federal fall economic statement, however, Pathways president Kendall Dilling said the likelihood of a positive decision on the project has increased.

In a new report, the Paris-based International Energy Agency said oil and gas companies need to start "letting go of the illusion" that "implausibly large" amounts of carbon capture are the solution to the global climate crisis.

The company said it will partner with developer Copenhagen Infrastructure Partners on a 495-megawatt capacity wind farm to be built in Vulcan County in southern Alberta.

Derek Evans, chief executive of MEG Energy, made the comments on a conference call with analysts discussing the company's third-quarter financial results.

The company said mechanical completion of the pipeline, which involves final documentation, engineering analysis and testing, will be done before the end of the year.