Canada and Alberta Reach Carbon Pricing Deal and Bitumen Pipeline Agreement
piquenewsmagazine.comPrime Minister Mark Carney and Alberta Premier Danielle Smith have agreed on a new carbon emissions pricing scheme for Alberta. The deal sets a headline carbon price of 140 dollars per tonne by 2040 and introduces a minimum price for carbon credits to prevent market flooding and incentivize decarbonization. As part of the agreement, the federal government may declare a new bitumen pipeline to the West Coast in the national interest by October 2026, with construction potentially starting in fall 2027. The pipeline's progress remains tied to the success of the Pathways carbon capture project and consultations with First Nations.
