Alberta and Canada Reach Deal on Industrial Carbon Pricing to 2040

Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to a new industrial carbon pricing schedule. The plan aims to raise the effective market price for emissions to 130 dollars per tonne by 2040, with the headline compliance price hitting 100 dollars by 2027. This agreement is tied to broader goals, including the development of a bitumen pipeline to the West Coast. The deal distinguishes between the headline price paid to the government and the effective market price where companies trade credits to meet emission limits.