Canada and Alberta have reached a deal to increase industrial carbon pricing from C$95 to C$130 per metric ton by 2040. This agreement is designed to incentivize emissions reductions while clearing the way for a new one-million-barrel-per-day crude oil pipeline to British Columbia. The deal includes a price floor increase to $100 per ton next year, with further annual hikes starting in 2036. While the move aims to balance energy exports with climate goals, it faces criticism from environmentalists and concerns from oil executives regarding US competitiveness.
