Ottawa and Alberta Move Closer to Signing Deal on Industrial Carbon Pricing

Ottawa and Alberta Move Closer to Signing Deal on Industrial Carbon Pricing
Prime Minister Mark Carney signs an MOU with Alberta Premier Danielle Smith in Calgary, Alta., on Nov. 27, 2025. The Canadian Press/Jeff McIntosh
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Prime Minister Mark Carney and Alberta Premier Danielle Smith are expected to soon sign a deal establishing the industrial carbon pricing rate for the province.

According to multiple media sources, both governments have agreed that Alberta’s effective carbon price will increase to $130 a tonne by 2040. Ottawa had previously proposed that it would reach $170 per tonne by 2030.