Carney, Smith set to make energy announcement; carbon price deal expected

Prime Minister Mark Carney and Alberta Premier Danielle Smith are to meet today in Calgary, where they’re expected to announce an agreement on the future of industrial carbon emission pricing in the province. A source with knowledge of the discussions has said the leaders are expected to reveal a plan for Alberta to raise its emission price to $130 per tonne by 2040. Last year, Alberta froze its industrial carbon emission price at $95 per tonne. The two governments pledged in a memorandum of understanding in November to several steps, including a carbon price plan, in order to build a bitumen pipeline to the West Coast. Carney has said today’s agreement would advance that new pipeline. Smith has called the announcement another step toward resetting the province’s relationship with Ottawa….

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