Prime Minister Mark Carney and Alberta Premier Danielle Smith have signed a deal to increase Alberta's industrial carbon emission price to 130 dollars per tonne by 2040. This agreement is tied to the potential approval of a new bitumen pipeline to the West Coast, with construction potentially starting in 2027. The federal government indicated that the pipeline's approval depends on the success of the Pathways carbon capture project. This deal attempts to balance the expansion of the energy sector with strict climate targets and carbon pricing mechanisms.
