Alberta modifies industrial carbon tax to reward emissions reduction investments

Alberta is changing its industrial carbon tax program to allow companies to invest in their own emissions reduction projects instead of paying provincial fees. This new approach, expected this fall, aims to support economic growth by incentivizing on-site investments and allowing smaller companies to opt out of the system for 2025. Environmental groups express concern that these changes could lead to "double-counting" of emissions reductions and weaken carbon credit value.