The federal government and Alberta have finalized a deal on industrial carbon pricing, setting a price of 130 dollars per tonne by 2040. This agreement is a key component of a broader memorandum of understanding aimed at enabling the construction of a new oil pipeline to the West Coast. Environmental groups argue that this price target is too low and too distant compared to previous goals of 170 dollars per tonne by 2030. Critics suggest the move reduces the incentive for rapid decarbonization and may hinder Canada's ability to reach net zero emissions by 2050.
