The Canadian federal government and Alberta are reportedly finalizing a deal to set an effective industrial carbon price of $130 per tonne of greenhouse gas emissions by 2040. This agreement follows a broader energy pact that links climate policy goals to the development of an Alberta oil pipeline to the West Coast. While the deal provides a long term price target, it has drawn criticism from environmental groups who argue the 2040 timeline is too distant. Meanwhile, some oil sands operators continue to push for the complete removal of carbon pricing.
