Alberta Freezes Industrial Carbon Tax to Help Firms as Tariffs Hurt Economy
Alberta is freezing its industrial carbon tax in a bid to help companies struggling with the effects of US tariffs, potentially setting up a challenge to the government of Prime Minister Mark Carney.
Canada's top oil-producing province will keep the tax at C$95 ($68) per metric ton for an indefinite time, officials said at a press conference Monday. The levy had been scheduled to rise to C$110 per metric ton next year and to C$170 by 2030, according to federal rules that govern the provincial carbon tax levels.
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