12:51 PM EDT, 05/14/2026 (MT Newswires) -- Prime Minister Mark Carney will meet with Alberta Premier Danielle Smith on Friday to advance plans to build a build a pipeline to carry Alberta bitumen to British Columbia's Pacific coast, Reuters reported.

The two leaders are expected to detail an agreement on industrial carbon-emissions pricing, a key part of a memorandum of understanding the pair reached in November. The price of emissions is expected to rise to $130 per tonne by 2040 to incent oil-sands producers to capture carbon and lower emissions from the sector, a key condition for construction of a second oil pipeline to the coast.

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