Alberta and Ottawa finalize carbon pricing framework targeting $130 per tonne by 2040

The Alberta and federal governments have finalized outstanding details from their late-2025 energy accord, establishing a pathway to increase the carbon cost industry emitters bear to $130 per tonne by 2040. Prime Minister Mark Carney and Alberta Premier Danielle Smith signed off Friday on what both governments describe as 'skin in the game'—concrete mechanisms to implement the ambitious target. The agreement addresses timeline and implementation details that had been left unspecified in the original memorandum of understanding, resolving one of the last major loose threads from the accord.