Smith announces freeze to industrial carbon price in Alberta [Video]

Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions.

Smith told reporters Monday the move is critical to keep industry competitive and defend jobs as Canada navigates a tariff fight with the United States.

“With the change in government south of the border, it is essential that we have a reasonable carbon pricing system, not one that will price our industries out of global markets,” she said.The provincially set price was to rise to $110 per tonne in 2026 and increase to $170 per tonne by 2030.

Alberta, which has had an industrial carbon tax scheme since 2007, collects the funds paid by industry and returns them in the form of grants for emissions reduction technology or industry innovation projects.

Environment Minister Rebecca Schulz said industry had warned that any carbon price higher than $100 per tonne would …