Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to a carbon pricing framework that sets Alberta's industrial emission price to reach $130 per tonne by 2040. The deal links the approval of a new West Coast bitumen pipeline to the progress of the Pathways carbon-capture project. This agreement allows Alberta a lower carbon price ceiling compared to the federal backstop, potentially creating a precedent for other provinces. It also includes commitments to facilitate renewable energy investments and Indigenous co-ownership of energy projects.
