Prime Minister Mark Carney and Alberta Premier Danielle Smith have reached an agreement on industrial carbon pricing to pave the way for a new oil pipeline targeting Asian markets. The deal lowers the projected carbon fee to 130 Canadian dollars per tonne by 2040, down from previous targets. Approval for the pipeline remains contingent on the development of a large scale carbon capture and storage initiative. The move aims to reduce Canada's economic dependence on the US while balancing industrial growth with climate policy.
