Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to a new carbon emissions pricing structure. The deal sets a headline price of 140 CAD per tonne by 2040 and introduces a minimum transfer price for carbon credits to prevent market flooding and incentivize actual decarbonization. This agreement is tied to the potential approval of a new bitumen pipeline to the West Coast, with construction targeted for fall 2027. The pipeline's progress depends on the Pathways carbon capture project and consultations with First Nations and British Columbia.
