Smith and Carney finalize climate and energy accord with carbon pricing timeline
Alberta and federal governments set path to increase carbon cost for industry emitters to $130 per tonne by 2040
Premier Danielle Smith and Prime Minister Mark Carney have finalized a memorandum of understanding on carbon pricing, setting a timeline and implementation details for increasing the cost industry emitters bear. The agreement, part of their broader energy accord, establishes a goal to reach $130 per tonne in carbon costs by 2040. The announcement came Friday, more than a month past the governments' self-imposed April 1 deadline. The framework addresses what remained one of the last loose threads in the energy deal signed late last year, which also included provisions for pipeline development. The accord signals both governments' commitment to balancing energy development with climate objectives.