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Alberta's $600M Carbon Tax Deal: Who Pays?

Alberta's $600M Carbon Tax Deal: Who Pays?

Published 1 week, 1 day ago
Description

Alberta and the federal government have signed a new deal, with Alberta potentially contributing $600 million to boost carbon taxes to $130 per tonne by 2040. The MOU aims to ease energy issues between the two governments, with Alberta agreeing to higher carbon taxes and a massive carbon capture project, while Ottawa backs a new West Coast oil pipeline. The deal includes a price floor for carbon credits, with taxpayers potentially footing the bill for increased costs due to a slower increase in emissions targets.

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