Prime Minister Mark Carney has struck a deal with Alberta to support the province's oil industry while easing some climate rules. The agreement comes as Canada faces economic pressures from U.S. trade policies.
Carney announced the pact last week after rolling back several climate policies introduced by his predecessor. He removed a proposed cap on emissions from the oil sector and agreed to speed up permits for a new pipeline to the Pacific coast. In return, Alberta will back gradual increases in industrial carbon prices over time. The plan also includes a scaled-back carbon capture project that oil companies have not yet committed to build.
