Ottawa and Alberta are reportedly close to an agreement that sets a carbon price of $130 per tonne by 2040. This deal aims to provide market stability and regulatory clarity for energy companies planning long term capital projects, including a new bitumen pipeline to the B.C. coast. The agreement marks a shift from previous targets and focuses on creating predictable cash flow statements for industrial investors. Key remaining hurdles include the finalization of the Oil Sands Alliance carbon capture project and establishing guarantees for emission reduction payments.
