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Alberta government announces indefinite freeze on industrial carbon price

  • Alberta Premier Danielle Smith announced her government is freezing the industrial carbon price at $95 per tonne effective immediately on May 12, 2025.
  • The freeze follows plans to increase the carbon price to $110 per tonne in 2026 and $170 by 2030, but rising costs risk harming competitiveness amid U.S. Tariff disputes.
  • Environment Minister Rebecca Schulz characterized the carbon price freeze as open-ended to provide stability and financial relief to key industries like energy extraction, power generation, and production sectors amid economic uncertainties.
  • Schulz emphasized that increasing the carbon price beyond $100 per tonne would severely harm the province’s competitiveness.
  • The freeze is intended to preserve Alberta’s industrial competitiveness and protect employment while offering economic support amid ongoing trade tensions between Canada and the United States.
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The Hamilton Spectator broke the news in Hamilton, Canada on Monday, May 12, 2025.
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