Canada and Alberta have signed an implementation agreement for a new West Coast oil pipeline. The deal includes a revised industrial carbon price trajectory, capping the price at 130 dollars per ton by 2040 and avoiding the previously planned 170 dollar target for 2030. To support decarbonization, the agreement introduces 75 million tons of carbon contracts for difference for carbon capture projects. It also sets a goal to cut oil and gas methane emissions by 75 percent from 2014 levels by 2035.
