Alberta Premier Danielle Smith says her government is freezing its industrial carbon price, effective immediately, at $95 per tonne of emissions.
Smith says the move is critical to keep industry competitive and defend jobs as Canada navigates a tariff fight with the United States.
In a news release, the Alberta government said the move provides certainty and economic relief to critical sectors such as oil and gas, electricity and manufacturing.
The price had been set to rise to $110 per tonne in 2026 and to continue increasing to $170 per tonne by 2030.
Environment Minister Rebecca Schulz said going over $100 a tonne would make the province “wildly uncompetitive.”
Schulz says the freeze is indefinite.
More to come.
