Prime Minister Mark Carney and Alberta Premier Danielle Smith have reached an agreement to raise industrial carbon emission prices in Alberta to $130 per tonne by 2040. The deal includes a headline price reaching $100 per tonne by 2027 and $130 by 2035, with the effective market price following a similar trajectory. This policy shift is tied to a broader memorandum of understanding aimed at advancing a new bitumen pipeline to the West Coast. The agreement attempts to balance federal climate goals with provincial energy interests and industrial competitiveness.
