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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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15 Articles
Ottawa and Alberta Strike Carbon Pricing Deal, Targeting $130/Tonne by 2040
A long-awaited carbon pricing agreement between the federal government and Alberta is nearing completion, with a target of $130 per tonne by 2040 for industrial emissions. The deal, expected to be announced before the end of this week, marks a pivotal alignment on climate policy between Ottawa and the province. Under the terms, Alberta’s effective carbon price will climb from $95 per tonne to $100 per tonne in 2027, holding steady until 2030. Af…
Coverage Details
Total News Sources15
Leaning Left10Leaning Right1Center1Last UpdatedBias Distribution84% Left
Bias Distribution
- 84% of the sources lean Left
84% Left
L 84%
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