Canada has launched the Matawinie graphite mine in Quebec, supported by a federal offtake agreement to secure battery minerals against market volatility. The project aims to be the largest graphite mine in the G7, diversifying into defense and energy storage as EV adoption rates shift. Simultaneously, a new agreement between Ottawa and Alberta adjusts carbon pricing trajectories and establishes a market price floor. This deal links the viability of a new bitumen pipeline to the success of the Pathways carbon capture initiative, though critics suggest the lowered price targets may jeopardize 2050 net-zero goals.
