The federal government and Alberta have agreed to a plan that raises the industrial carbon price to 130 dollars per tonne by 2040. This agreement creates a regulatory path for a new oil pipeline to the West Coast, with construction potentially starting in 2027. The deal links the pipeline's progress to the Pathways Project, a major carbon capture and storage initiative. It also addresses clean electricity regulations and includes a strategy to double Canada's electrical grid capacity by 2050, incorporating an expanded role for natural gas.
