Canada and Alberta are close to a deal that would raise the carbon price for industrial emitters to C$130 per metric ton. This move aims to create a stronger financial incentive for oil sands companies to invest in emissions reduction technology, as current credit prices remain too low to drive significant change. The pricing agreement is a critical piece of a larger, more complex negotiation. It is intended to make the economics viable for the C$16.5 billion Pathways carbon capture and storage project, which is a prerequisite for the federal government's support of a new crude oil export pipeline to the West Coast.
