The Canadian federal government and Alberta have reached an agreement to potentially fast-track a new west coast oil pipeline by 2027. The deal includes a revised industrial carbon pricing framework and commitments to the Pathways carbon storage project, though it suspends certain federal clean electricity regulations in Alberta. Critics argue the new carbon price trajectory, reaching $140 per tonne by 2040, is too low to meet net-zero goals. The agreement also establishes a joint working group to explore low-emission technologies like nuclear, geothermal, and hydrogen to decarbonize the grid.
