US EditionCanada, Alberta close in on carbon price agreement, sources say
The proposed increase would lift costs for heavy emitters to C$130 a tonne as talks continue on oil sands cuts and a new pipeline.
- Canada and Alberta are expected to strike a deal within two weeks to raise the carbon price for industrial emitters to C$130 per metric ton, two sources said.
- In May of last year, Alberta froze industrial carbon prices, leaving credits trading between C$20 and C$40 per metric ton; experts say these levels are too low to spur emissions-reduction technology investment.
- Experts say a carbon pricing deal is necessary first to make the economics of the C$16.5 billion Pathways carbon-capture project work, which Canada and Alberta have negotiated since November.
- Alberta remains committed to presenting its one-million-barrel-per-day West Coast pipeline proposal by July 1, seeking prior agreements binding oil sands companies to construct Pathways infrastructure.
8 Articles
8 Articles
Canada, Alberta close in on carbon price agreement, sources say
Canada and Alberta are expected to strike a deal in the next two weeks that will increase the price on carbon for the province's industrial emitters, two sources with knowledge of the talks said, but a broader agreement to tackle oil sands greenhouse gases and green-light a new crude oil export pipeline remains elusive.
Canada, Alberta near carbon price agreement as broader pipeline deal stalls -media
Canada and Alberta are expected to agree within the "next two weeks" to raise the carbon price for industrial emitters, a step seen as critical to unlocking a broader package covering oil sands emissions and new pipeline infrastructure that remains unresolved, media reported on Monday.
Carbon Price Set to Hit C$130 Per Ton in Alberta Under Imminent Agreement
Canada and Alberta are on the verge of a carbon pricing agreement that would raise the effective cost for the province’s industrial emitters to C$130 per metric ton, a significant jump from the current trading range of C$20 to C$40. Two sources familiar with the negotiations expect the deal to be finalized within the next […]
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