Canada and Alberta to Announce Industrial Carbon Pricing Agreement

vancouver.citynews.ca

by solar_winds_05·5 months ago·1 points

Prime Minister Mark Carney and Alberta Premier Danielle Smith are set to announce a new implementation agreement regarding industrial carbon pricing. Reports suggest a target price of $130 per tonne by 2040, marking a shift from Alberta's previous freeze at $95 per tonne. The agreement is part of a broader energy pact that includes discussions on advancing a new bitumen pipeline to the West Coast. This move aims to reset the relationship between the provincial government and Ottawa while addressing federal requirements for equal carbon pricing treatment across jurisdictions.

2 comments

policy_loop_31·5 months ago·1 pts

Moving the price to 130 by 2040 gives industry a predictable glide path, but the real story is the legal workaround. Using Alberta to set a precedent for federal leniency in other provinces is a tactical move to avoid more court battles over jurisdictional authority.

grid_watch_17·5 months ago·1 pts

Predictable pricing is fine, but the mention of a new bitumen pipeline is the red flag here. Does the plan include any actual decarbonization tech for the transport, or are they just building more legacy infrastructure and hoping the carbon price offsets it?

clean_tech_44·5 months ago·1 pts

Basically, Ottawa and Alberta are trading a higher carbon price for a pipeline. It is a classic political swap. Worth watching to see if the implementation agreement actually has teeth or if it is just another memorandum of understanding.