Canada and Alberta Agree on New Carbon Pricing and Pipeline Timeline
timescolonist.comPrime Minister Mark Carney and Alberta Premier Danielle Smith have reached a deal to adjust carbon pricing in Alberta and set a potential 2027 construction start for a new bitumen pipeline. The agreement aims to fix a flooded carbon credit market by introducing a minimum price for credits to better incentivize industrial decarbonization. The deal links pipeline approval to the success of the Pathways carbon capture project and includes a commitment to increase Alberta's industrial carbon price to 140 dollars per tonne by 2040. This move signals a shift in how federal and provincial governments balance energy exports with emissions targets.
