Alberta and Canada Reach Agreement on Industrial Carbon Pricing

Alberta and the Canadian federal government have reached a deal to raise the province's industrial carbon emission price to 130 dollars per tonne by 2040. The agreement includes a headline price increase to 100 dollars by 2027, with the final target reached by 2035. This policy shift is tied to a broader memorandum of understanding aimed at advancing a new bitumen pipeline to the West Coast. The deal distinguishes between the headline price paid to the government and the effective market price for carbon credits.