The federal government and Alberta have reached an agreement to gradually increase the industrial carbon price to 130 dollars per tonne by 2040. This deal aims to provide investment certainty for the energy sector while paving the way for a new West Coast oilsands pipeline by 2027. The agreement focuses on the Pathways carbon capture project and seeks to balance economic competitiveness with emissions targets. However, the deal faces criticism from environmental groups and policy experts who argue the 2040 timeline is too slow to effectively curb oilsands emissions.
