The National Post reports in its Saturday, Nov. 29, edition that Alberta Premier Danielle Smith said the timeline for implementing the new $130-per-tonne industrial carbon tax should depend on what "industry can afford."
The Post's Stephanie Taylor writes that Ms. Smith's comments followed the signing of a new energy deal with Prime Minister Mark Carney, supporting a new Alberta-B.C. bitumen pipeline and exempting the province from certain clean electricity regulations.
Alberta has committed to enhancing its industrial carbon tax, which Ms. Smith had previously frozen at $95 per tonne. The federal standard requires the tax to rise to $170 per tonne by 2030.
Ottawa and Alberta have agreed to collaborate on long-term carbon pricing using the TIER system, with a minimum effective credit price of $130/tonne.
Asked what year Alberta intends to meet the price of $130 per tonne, Ms. Smith said: "We have to negotiate that. ... We've got to see what is happening in the global market. We've got to see what's reasonable." The province must negotiate with partners, including oil-sands companies proposing a carbon capture and storage project, which Mr. Carney has linked to future bitumen pipeline construction agreed by Ms. Smith.
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