Feds, Alberta nearing deal on $130/tonne industrial carbon price by 2040: source
The deal would tie Alberta’s industrial carbon price to federal support for a new pipeline and leave carbon capture terms still unresolved.
- On Wednesday, Ottawa and Alberta neared a deal to raise the province's industrial carbon price to $130 per metric ton by 2040, facilitating federal support for a new crude pipeline to the Pacific coast.
- The agreement stems from a 'grand bargain' memorandum of understanding reached last year, in which Carney's government agreed to support Alberta's pipeline proposal in exchange for stricter climate policies.
- While Alberta's headline carbon price sits at $95, actual industrial credits trade at $40; officials clarified the $130 target is an 'effective' price reflecting actual compliance costs for heavy emitters.
- Environmental groups criticized the 2040 deadline, noting Trudeau had envisioned a $170 price by 2030, and advocates urged a more aggressive 2030 timeline for the $130 rate.
- This carbon pricing deal removes a crucial obstacle to federal backing for the province's pipeline proposal expected next month, while negotiations continue on a framework for the massive Pathways carbon capture project.
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Eby admits carbon pricing hurts economic competition
Source: XAuthor: Quinn PatrickB.C. Premier David Eby said that if Alberta were to get a reduced price for carbon emissions, it would make his province less competitive, casually acknowledging the toll it has taken on the Canadian economy.He made the comments after being asked by Prime Minister Mark Carney and Alberta Premier Danielle Smith discussing a potential route for an oil pipeline that would run through B.C. to get to the northwest coast …
Ottawa and Alberta Move Closer to Signing Deal on Industrial Carbon Pricing
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 …
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