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The industry argues that industrial carbon pricing makes Canada less competitive globally
By Nojoud Al Mallees
Prime Minister Mark Carney says the time by which the industrial carbon price must reach $130 per metric tonne in Alberta is being negotiated with the provincial government.
The two levels of government have a memorandum of understanding that paves the way for a new oil pipeline and required them to reach a carbon pricing agreement by April 1.
That deal is yet to be reached, as the industry argues that industrial carbon pricing makes Canada less competitive globally.
On Thursday, Carney reiterated the agreed-upon carbon price, but didn’t specify when it should be reached.
“It’s part of our discussions,” Carney said.
His comments follow an op-ed published by former cabinet minister Steven Guilbeault in the Toronto Star on Thursday, which called for industrial carbon pricing to be reinforced and not weakened.
Guilbeault resigned from Carney’s cabinet, where he served as the culture minister, over the pipeline agreement with Alberta.
Bloomberg.com
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