What is the key detail of the industrial carbon pricing deal that Prime Minister Mark Carney will announce in Calgary?

Prime Minister Mark Carney will announce a new deal with Alberta to increase the effective credit cost in the province's industrial carbon market to C$130 a metric ton by 2040, according to sources cited by Reuters; this follows Alberta’s freeze of its headline industrial carbon price in May of last year, with current credit prices trading between C$20 and C$40 a metric ton — levels experts say are too low to incentivize investment in emissions reduction technology.

Why is the 2040 timeline for reaching C$130/ton controversial, and what are the competing positions?

Environmentalists argue the effective industrial carbon price should reach C$130 by 2030—not 2040—to drive immediate emissions reductions, while Alberta and the oil and gas industry advocate for the later date, warning that an earlier, stricter regime would place Canadian industry at a competitive disadvantage, slow oil sands production growth, and hinder efforts to expand energy exports and reduce reliance on the U.S. market.

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Carney to visit Calgary on Friday to announce industrial carbon pricing deal, sources say

May 13, 2026

Canadian Prime Minister Mark Carney will visit Calgary to announce an industrial carbon pricing deal with Alberta, targeting a credit cost of C$130 per metric ton by 2040. The move balances emissions reduction incentives with support for a crude oil pipeline project.

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