The Canadian federal government and Alberta have signed an agreement that could fast track a new west coast oil pipeline by 2027. The deal includes a revised industrial carbon pricing framework, with prices set to reach 140 dollars per tonne by 2040, and a commitment to suspend certain federal clean electricity regulations within Alberta. While the agreement aims to expand market access for Alberta bitumen, it has faced criticism from British Columbia and climate researchers. Opponents argue the lower carbon price benchmark may undermine Canada's net zero 2050 goals and jeopardize investments in low carbon projects.
