Canada and Alberta are finalizing a deal to raise the industrial carbon price to C$130 per metric ton by 2040. The agreement aims to provide a stronger incentive for heavy emitters to invest in emissions reduction technology while resolving disputes over carbon pricing floors. This policy shift is closely tied to the potential approval of a new one million barrel per day crude oil pipeline to British Columbia. The federal government is linking infrastructure approval to tangible investments in carbon capture and storage by oil companies.
