Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to a carbon pricing framework that sets Alberta's headline price at 140 dollars per tonne by 2040. The deal aims to balance industrial growth with emission targets, though it offers a lower price trajectory than the current federal backstop.
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The gap between Alberta's 140 dollar cap and the federal 170 dollar target is significant. This creates a pricing disparity that might force Ottawa to lower the bar for other provinces to maintain legal equity.
The pipeline timing seems optimistic. They are eyeing a 2027 start, but no private owner has even stepped forward. Who is actually funding the construction if the province is just the proponent?
Tying the pipeline to the Pathways carbon capture project is the real pivot here. If the CCS tech doesn't scale or meet the actual capture targets, the whole environmental justification for the pipeline collapses.
Exactly. We need to see the specific carbon accounting for Pathways. Without those numbers, this just looks like a deal to keep bitumen flowing under the guise of future tech.
