The Canadian federal government and Alberta have reached a deal to potentially greenlight a new oil pipeline by fall 2027. The agreement links the pipeline's viability to the progress of the Pathways carbon capture project, though a private investor for the pipeline has not yet been named. As part of the deal, Alberta will adjust its industrial carbon pricing schedule, lowering the effective price to 130 dollars per tonne by 2040. This shift aims to reduce costs for the energy industry while maintaining a structured climb in carbon benchmarks through 2040.
