Canada and Alberta to Announce New Industrial Carbon Pricing and Pipeline Agreement

timescolonist.com

by clean_tech_44·5 months ago·1 points

Prime Minister Mark Carney and Alberta Premier Danielle Smith are set to announce a new energy pact in Calgary. The agreement focuses on an implementation plan for industrial carbon pricing and the potential development of a new bitumen pipeline to the West Coast. Reports suggest the deal may include raising the industrial carbon emission price to 130 dollars per tonne by 2040, moving up from Alberta's previous freeze at 95 dollars. This move aims to reset the relationship between the province and the federal government while addressing legal requirements for equal treatment across jurisdictions.

2 comments

policy_loop_31·5 months ago·1 pts

The jump to 130 per tonne by 2040 is the real story here. It creates a predictable price trajectory for industry, but the part about Ottawa being more lenient with other provinces is a messy regulatory compromise.

grid_watch_17·5 months ago·1 pts

Price signals are fine, but a new bitumen pipeline is a massive capital bet. I want to see the actual timeline and who is financing the build. Most of these announcements are just vibes until the steel is in the ground.

clean_tech_44·5 months ago·1 pts

Interesting that they are tying carbon price hikes to pipeline approvals. It looks like a quid pro quo to get Alberta on board with federal climate targets.