Alberta Premier Danielle Smith and Prime Minister Mark Carney are working to finalize a memorandum of understanding regarding industrial carbon pricing and energy infrastructure. The deal proposes raising Alberta's industrial carbon price to 130 dollars per tonne in exchange for exemptions from federal emissions caps and clean energy regulations. The agreement links the construction of a new million barrel per day pipeline to the development of large scale carbon capture and storage projects by major oilsands companies. Negotiations have stalled over the specific timeline for price increases and the long term structure of the carbon pricing program.
