Alberta will not be further raising its carbon pricing on industry, Premier Danielle Smith has announced, saying the cost for businesses has become “too high to bear.”
“What we have heard from industry is that any further increases to the industrial carbon tax past $100 per tonne would be detrimental to their businesses and would diminish their competitiveness in the market,” Smith said in a press conference in Edmonton on May 12.
Smith said the current price of $95 per tonne of emissions will remain in place indefinitely. The price was set to rise to $110 next year and up to $170 in 2030.
The premier said the imposition of U.S. tariffs on Canada have increased costs, disrupted supply chains, and created uncertainty for businesses, leading to challenges remaining competitive globally….