Canada and Alberta Near Deal on $130 Industrial Carbon Price by 2040

The Canadian federal government and Alberta are reportedly close to an agreement setting an effective industrial carbon price of $130 per tonne by 2040. This deal follows a broader energy pact that links climate policy goals to the development of a new oil pipeline to the West Coast. While the government aims to maintain a carbon pricing system, environmental groups argue that the 2040 timeline is too distant and weakens industrial emissions targets. Meanwhile, oilsands operators continue to push for the complete removal of carbon pricing.