Carney, Smith to announce carbon pricing agreement for Alberta

Prime Minister Mark Carney and Alberta Premier Danielle Smith are set to meet in Calgary today to announce an agreement on industrial carbon emission pricing in the province. Sources indicate the announcement will outline a plan to raise Alberta's emission price to $130 per tonne by 2040, a significant increase from the current frozen rate of $95 per tonne. The two governments pledged in a November memorandum of understanding to work toward such steps. The agreement represents a compromise between federal climate ambitions and Alberta's economic concerns.