Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to a new carbon emissions pricing scheme. The deal sets a headline price of 140 dollars per tonne by 2040 and introduces a minimum price for carbon credits to prevent market flooding and incentivize decarbonization. The agreement also outlines a timeline for a new bitumen pipeline to the West Coast, with construction targeted for fall 2027. This infrastructure plan is tied to the progress of the Pathways carbon capture project and requires further agreements with the Oil Sands Alliance and First Nations.
