Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed on a carbon pricing framework that sets a headline price of 140 dollars per tonne by 2040. The deal aims to balance industrial competitiveness with emissions targets, though it represents a lower price ceiling than the previous federal backstop. As part of the agreement, the government is eyeing a 2027 start date for a new bitumen pipeline to the West Coast. This infrastructure project is tied to the success of the Pathways carbon capture project and requires further consultation with First Nations and the province of British Columbia.
