Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to a new carbon pricing framework to facilitate the approval of a new bitumen pipeline. The deal includes raising Alberta's industrial carbon price to 140 dollars per tonne by 2040 and establishing a minimum price for carbon credits to prevent market flooding. The agreement ties pipeline approval to the progress of the Pathways carbon capture project. While the deal aims for a net zero electricity grid by 2050, it has faced criticism from both federal opposition and the British Columbia government over its economic and environmental implications.
