Alberta and Canada Reach Deal on New Oil Pipeline and Carbon Pricing
edmonton.citynews.caThe federal government and Alberta have agreed to advance a new oil pipeline to the West Coast, with a target for construction to begin in September 2027. The deal includes a specific industrial carbon emissions price of 130 dollars per tonne by 2040, which is lower than the previous national benchmark. Environmental groups have criticized the move, arguing that the reduced carbon pricing weakens Canada's climate framework. Meanwhile, the project currently lacks a private proponent, leaving the final business case and funding structure unresolved.
