Alberta and the Canadian federal government are finalizing an agreement to raise the industrial carbon price to $130 per tonne by 2040. The plan involves staged increases from the current $95 per tonne rate under the TIER system, with potential stability mechanisms like floor prices and contracts for difference. The deal is linked to broader energy goals, including the fast tracking of a bitumen pipeline to the British Columbia coast. Progress on this infrastructure remains tied to the $20 billion Pathways carbon capture project aimed at reducing emissions from oilsands operations.
