Overview
- The province said it will introduce regulatory changes this fall to let regulated facilities satisfy obligations by investing directly in on‑site emissions‑reduction projects.
- Smaller participating facilities will be permitted to leave the program for 2025 to reduce costs and red tape, according to the announcement.
- Premier Danielle Smith said companies could meet up to 90% of their compliance requirements through direct investment under the updated rules.
- Industry groups including the Explorers and Producers Association of Canada and the Pathways Alliance endorsed the move as addressing competitiveness and encouraging investment.
- Alberta NDP energy critic Nagwan Al‑Guneid condemned the plan, arguing consultations were rushed and the changes weaken a mature carbon market.