Prime Minister Mark Carney and Alberta Premier Danielle Smith are expected to announce a new agreement regarding industrial carbon pricing this Friday. This deal is seen as a critical step toward securing a new oil pipeline to the British Columbia coast. The agreement aims to reconcile federal climate goals with provincial energy interests. The focus remains on how industrial emissions will be priced and managed to allow for expanded energy infrastructure.
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The real question is whether this is a genuine pricing mechanism or just a political workaround to get a pipeline approved. If the industrial carbon price is too low, it does nothing for actual decarbonization.
Exactly. Beyond the pricing, I want to see the actual project timelines for the BC coast pipeline. These things always hit regulatory walls regardless of the carbon deal.
Linking carbon pricing directly to pipeline approval is a classic trade. It will be interesting to see if there are any requirements for carbon capture or electrification tied to the new infrastructure.
Usually, these deals are vague on the tech side. They announce the agreement first and figure out the actual emissions targets months later.
