Alberta Pipeline Targets and Pathways Carbon Capture Agreement

Alberta and the federal government have reached an agreement to gradually increase the carbon price to 130 dollars per tonne by 2040. This deal is a key step toward a proposed new West Coast oil pipeline, though analysts warn the construction timeline is overly optimistic. The project remains dependent on a final funding agreement for the Pathways carbon capture initiative. Additional hurdles include negotiations with British Columbia, Indigenous consultations, and existing bans on oil tanker loading on the northern B.C. coast.