Alberta Premier Danielle Smith and Prime Minister Mark Carney are negotiating a high-stakes energy agreement. The deal focuses on establishing a Pacific Coast pipeline and a commitment to reduce methane emissions by 75 percent from 2014 levels by 2035. A major sticking point in the negotiations is the industrial carbon price. Federal negotiators are pushing for a minimum price of 130 dollars per tonne, while Alberta seeks more flexibility to protect its energy sector from high costs.
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The gap between a 120 day provincial approval and a one year federal review is huge. Even if they agree on the carbon price, the regulatory misalignment will likely stall the actual pipeline build.
Exactly. A pipeline is only as good as the regulatory certainty behind it. I wonder if the 130 dollar carbon price is being used as a trade off for faster federal permitting.
The 75 percent methane reduction target by 2035 is the real win here if it actually happens. Methane is a massive lever for short term warming, but the article doesn't say how they plan to verify the cuts.
Right, verification is everything. Without a strict monitoring framework, these pledges usually just become political talking points without actual emissions drops.
