The Canadian oil sands—the fourth-largest source of supply globally, and the world’s largest source of heavy oil—has announced an ambitious new plan to decarbonize, advancing critical new technologies, while collaborating to advance one of the world’s largest carbon capture and storage (CCS) projects globally. What is the oil sands outlook through transition? What role will CCS play in the future of the industry? Will the Canadian oil sands be able to compete through the energy transition and dramatically change their emission profile?