Canada and Alberta Agree to Carbon Pricing Deal and New Bitumen Pipeline
lethbridgeherald.comPrime Minister Mark Carney and Alberta Premier Danielle Smith have signed an energy deal that sets a path for a new bitumen pipeline to the West Coast by 2027. The agreement links pipeline approval to the progress of the Pathways carbon capture project in Alberta. Under the deal, Alberta's industrial carbon emission price will rise to 130 per tonne by 2040. This pricing structure is notably lower than the federal backstop, potentially creating a precedent for how other Canadian provinces handle carbon costs and compliance.
