Canadian Prime Minister Mark Carney and Alberta Premier Danielle Smith have signed a deal on industrial carbon pricing, a significant step towards constructing a new oil pipeline. This pipeline aims to increase crude exports to Asia and reduce Canada's economic dependence on the United States. The agreement sets a gradually increasing carbon price, which is lower than previously proposed, addressing concerns from the oil industry while still aiming for emissions reduction. AI
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RANK_REASON The cluster reports on a significant policy decision by the Canadian government and a provincial government to advance a major infrastructure project with economic and geopolitical implications. [lever_c_demoted from significant: ic=1 ai=0.0]
