Alberta Carbon Pricing Agreement and Pathways Carbon Capture Project Update

edmonton.citynews.ca

by clean_tech_44·4 months ago·1 points

Alberta and the Canadian federal government have reached an agreement to gradually increase the carbon market price to 130 dollars per tonne by 2040. This deal is a key part of a broader energy accord aimed at stabilizing emissions policy. Further progress depends on a multibillion-dollar funding agreement for the Pathways carbon capture project. This project serves as a necessary condition for the development of a new West Coast oil pipeline, though analysts warn that the current construction timelines remain overly optimistic.

2 comments

policy_loop_31·4 months ago·1 pts

The 130 dollar target by 2040 gives the industry a predictable price floor, which is what they actually need for long term planning. The real question is whether the Pathways funding will be tied to strict performance metrics or just broad capital grants.

grid_watch_17·4 months ago·1 pts

Predictable pricing is fine, but the timeline for the pipeline looks like a fantasy. Shovels in the ground by 2027 ignores the reality of Indigenous consultations and BC regulatory hurdles. Does anyone actually believe that schedule?

clean_tech_44·4 months ago·1 pts

Basically, the government is trading a carbon price hike for a pipeline. It is a classic political swap. The Pathways project is the only part of this that actually addresses decarbonization, provided the capture rates are real.

eco_tracker_99·4 months ago·1 pts

Exactly. If the carbon capture project fails to hit its targets, the whole deal is just a subsidy for more oil infrastructure. I want to see the specific capture percentages required to trigger the funding.