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Varcoe: 'Herculean challenge': Industry awaits details of Ottawa-Alberta deal, as debate swirls on higher carbon price

'How do we actually go from the high level language in the MOU to a concrete agreement that will actually move things forward, get projects built, while helping us reduce our emissions?'

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After months of challenging talks surrounding the Alberta-Canada energy pact, a deal over increasing the province’s industrial carbon price appears set to be ironed out — but will it get widespread buy-in from the country’s oil and gas industry?

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The Carney and Smith governments are about to find out, as the two sides have largely agreed on increasing the effective carbon price in Alberta to $130 a tonne by 2040, with an announcement expected as early as this week, according to sources.

Some industry leaders oppose the notion of an industrial carbon tax, saying it will make Canadian companies less competitive in attracting capital.

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