Carney, Danielle Smith announce pathway to construct west coast oil pipeline | FULL

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Canadian Prime Minister Mark Carney and Alberta Premier Danielle Smith announced an agreement to build a proposed west coast oil pipeline "as early as Sept. 1, 2027" on Friday afternoon in Calgary. A key component for the proposed oil pipeline to the British Columbia coast are changes to the federal-mandated industrial carbon price agreement. "Under the new carbon pricing agreement, the industrial carbon price will be substantially lower than the previous federal policy which would have required a carbon price of $170 per tonne by 2030. The headline carbon price will be substantially rolled back. It will stay at $95 until the end of this year and then it will increase to $100 for the next three years and reach 130 per ton by 2035. This gives industry the time and certainty needed to plan, invest, and deliver real emissions-reducing projects without undermining competitiveness." Smith said. "We're building trust of investors that Alberta and Canada are reliable and attractive destinations where opportunities are plentiful. The rules are clear and one project means one review. the trust of Asian countries who want our energy because they know that we are a safe, stable, reliable partner in a world that is anything but." Carney said. Alberta commited to submit a comprehensive proposal for the bituman pipeline to the Federal Major Projects Office by Canada Day, July 1, 2026. For more info, please go to https://globalnews.ca/news/11851090/mark-carney-danielle-smith-energy-deal/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #GlobalNews #canada #alberta #cdnpoli #abpoli #carney #smith #pipelines