Prime Minister Mark Carney and Alberta Premier Danielle Smith have reached an agreement to increase the province's industrial carbon emission price. The plan targets an effective market price of $130 per tonne by 2040, with the headline price hitting $100 per tonne by 2027. This pricing agreement is part of a broader memorandum of understanding aimed at facilitating the construction of a new bitumen pipeline to the West Coast. The deal balances federal climate targets with provincial economic interests and industrial competitiveness.
