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Why a tonne of industrial carbon costs $95 in Alberta but credits sell for less than $20

A large group of people in suits sit around a long table.

A key part of the pipeline deal between Alberta and Ottawa is a “minimum effective credit price of $130 per tonne” on industrial carbon emissions, but already the two levels of government are talking about that figure in different ways. The rhetoric is confusing at best; contradictory at worst. And it raises questions about how much understanding there truly is between the two parties.