Alberta Premier Danielle Smith and Prime Minister Mark Carney are working to finalize a memorandum of understanding regarding industrial carbon pricing. The deal involves raising Alberta's industrial carbon price to a minimum of $130 per tonne in exchange for federal exemptions from certain emissions caps and clean energy regulations. The agreement also links the construction of a new million-barrel-a-day pipeline to the development of a massive carbon capture and storage project. This project aims to trap emissions from major oilsands companies to maintain industrial competitiveness while meeting climate targets.
