Canada and Alberta Near Deal on Carbon Pricing
Federal and provincial officials are close to a deal that would increase carbon costs for heavy emitters to 130 dollars per ton. The agreement aims to support a major carbon capture project and a potential new oil pipeline to the West Coast.
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Canada and the province of Alberta are reportedly nearing a significant agreement to raise the carbon price for industrial emitters. Sources familiar with the negotiations indicate that a deal could be finalized within the next two weeks, potentially increasing the effective carbon price for heavy polluters to C$130 per metric ton. This move follows a period where Alberta had frozen the price, leaving current credits trading at levels experts deem insufficient to drive investment in green technology.
