Feds, Alberta nearing deal on $130/tonne industrial carbon price by 2040: source

OTTAWA — Ottawa and Alberta are closing in on a deal on industrial carbon pricing.

A source with knowledge of the discussions who was not authorized to speak publicly about them tells The Canadian Press the two governments expect to announce an effective carbon price of $130 per tonne of greenhouse gas emissions as of 2040.

The agreement stems from the energy pact Canada and Alberta reached last fall which tied various climate policies to an Alberta oil pipeline to the West Coast.

The agreement cited a $130 per tonne target without saying when Alberta would need to get there.