The Canadian federal government and Alberta have agreed to a gradual increase in the province's industrial carbon price, targeting at least 130 dollars per tonne by 2040. This deal aims to provide industry certainty while paving the way for a new West Coast oilsands pipeline, with construction potentially starting in September 2027. One final hurdle remains: a formal agreement on the Pathways carbon capture project. The deal has drawn mixed reactions, with some praising the economic stability it provides and others criticizing it as a concession to the oil and gas industry.
