The Canadian federal government and Alberta have reached a preliminary agreement to raise the industrial carbon fee to 130 dollars per tonne by 2040. This deal is a key condition for the development of a new oil pipeline to British Columbia, though the price is lower than previous federal targets. This agreement reflects a shift in climate policy under the Carney government, prioritizing infrastructure and political expediency over stricter emissions caps. The move clears a major regulatory hurdle for the pipeline project, with an application expected by July.
