Ottawa and Alberta are reportedly close to an agreement that sets a carbon price of $130 per tonne by 2040. This deal is seen as a critical step in providing market stability for energy investors and clearing the path for a new bitumen pipeline to the B.C. coast. The agreement marks a shift from previous targets and includes a gradual price increase starting from $95 per tonne. Industry analysts note that while the price is a start, the actual success of the policy depends on the certainty of payments and the implementation of carbon capture projects.
