The Financial Post reports in its Thursday edition that Algoma Steel paid more in carbon taxes in the first quarter this year even though its carbon emissions plunged as a result of switching off a coal-fired blast furnace. The Post's Gabriel Friedman writes that in the first three months, Algoma paid $6-million in carbon taxes to Ontario, a 71-per-cent increase from the $3.5-million it paid during the same period last year. The higher carbon tax payments came after it invested $987-million to stop using coal-powered blast furnaces. It switched last year to making steel entirely with electric arc furnaces in a move expected to cut its annual carbon emissions by as much as 70 per cent. Nonetheless, Algoma's carbon tax payments increased this year because of Ontario's carbon pricing system, according to the non-profit Clean Prosperity. Algoma paid $8-million in carbon tax in the fourth quarter of 2025, down 11 per cent from the same quarter a year earlier, but it paid $31.4-million in all of 2025, up from $31-million in 2024, even though it ramped up its electric arc furnace. Algoma plans to recoup some of the money through a carbon tax rebate program that allows companies to recover money invested to reduce emissions.