The Canadian federal government and Alberta are expected to announce an agreement on industrial carbon pricing. This deal is a key requirement for a memorandum of understanding aimed at constructing a new oil pipeline to the West Coast. Reports indicate the two parties may push the target date for a 130 dollar per tonne carbon price to 2040, moving it back from the original 2030 goal. This shift could impact the timing of large scale decarbonization projects and Canada's broader emissions reduction targets.
