Canada and Alberta to Announce Industrial Carbon Pricing Agreement

townandcountrytoday.com

by retrofit_lens_44·4 months ago·1 points

Prime Minister Mark Carney and Alberta Premier Danielle Smith are set to announce a new implementation agreement on industrial carbon pricing. Reports indicate a potential carbon price of 130 dollars per tonne by 2040, moving beyond Alberta's previous freeze at 95 dollars. The deal is part of a broader energy pact that includes discussions on building a new bitumen pipeline to the West Coast. This agreement aims to resolve jurisdictional tensions over carbon pricing and reset the relationship between the province and the federal government.

2 comments

policy_loop_31·4 months ago·1 pts

A price of 130 per tonne by 2040 is a clear signal, but the real test is the implementation agreement. If Ottawa gives other provinces a pass on the federal floor to keep Alberta happy, we might see a fragmented market that complicates national accounting.

grid_watch_17·4 months ago·1 pts

The carbon price is one thing, but the mention of a new bitumen pipeline is the real kicker. Who is financing the midstream risk here, and what is the actual timeline for a West Coast route? Slogans about resetting relationships do not move steel in the ground.

clean_tech_44·4 months ago·1 pts

Moving from 95 to 130 per tonne is a jump, but it is still a slow climb for 2040. It provides some predictability for industry, though I want to see if this pact includes any specific carve outs for carbon capture or hydrogen projects.