Prime Minister Mark Carney and Alberta Premier Danielle Smith are expected to soon sign a deal establishing the industrial carbon pricing rate for the province.
According to multiple media sources, both governments have agreed that Alberta’s effective carbon price will increase to $130 a tonne by 2040. Ottawa had previously proposed that it would reach $170 per tonne by 2030.
Carney is expected to travel to Alberta on May 15, where he will sign an agreement with Smith that will bring Canada closer to building a new oil pipeline to the West Coast. Smith and Carney signed a memorandum of understanding in November for the building of a pipeline, which would include the construction of a Pathways Alliance carbon capture project….