Prime Minister Mark Carney and Alberta Premier Danielle Smith have signed an agreement to restructure Alberta's carbon pricing and advance a new bitumen pipeline to the West Coast. 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. The agreement ties pipeline approval to the success of the Pathways carbon capture project and requires further consultation with First Nations. While the deal aims to stabilize the carbon market and support the energy sector, environmental groups argue the pricing is too low to meet net zero targets.
