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Alberta Freezes Industrial Carbon Price at $95 Per Tonne Indefinitely

The decision halts planned increases to protect competitiveness and jobs while maintaining compliance with federal carbon pricing rules.

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Alberta Premier Danielle Smith speaks with reporters before a meeting in Halifax, Monday, July 15, 2024. THE CANADIAN PRESS/Darren Calabrese
A dump truck works near an oil sands extraction facility near Fort McMurray, Alta.
Environment and Protected Areas Minister Rebecca Schulz speaks after Premier Danielle Smith makes an announcement to help grow Alberta's energy sector while reducing emissions on Monday, Nov. 25, 2024. in Leduc County.

Overview

  • Premier Danielle Smith announced the indefinite freeze on Alberta's industrial carbon price at $95 per tonne, effective immediately.
  • The freeze halts previously scheduled increases to $110 in 2026 and $170 by 2030 under a 2022 federal equivalency agreement.
  • Environment Minister Rebecca Schulz stated that raising the price above $100 per tonne would harm Alberta's competitiveness and economic stability.
  • The move aims to safeguard jobs and key industries like oil and gas during ongoing trade disputes with the United States.
  • Alberta's TIER program, which has regulated heavy emitters since 2007, remains active and is slated for review by December 2026.