Canada and Alberta are close to an agreement that would raise the carbon price for industrial emitters to 130 CAD per metric ton. This move aims to create a stronger financial incentive for oil sands companies to invest in emissions reduction technology. The deal is linked to the 16.5 billion USD Pathways carbon capture and storage project and the potential for a new crude oil export pipeline. However, disagreements over cost sharing for the carbon capture project have caused delays in the broader agreement.
