Premier Smith:Alberta suspends the industrial carbon tax

The Alberta government has taken a firm stance to support its economy and industry in the face of rising US tariffs and global uncertainties. Here are the key measures they're implementing to enhance the competitiveness of their businesses:

1. **Maintaining Alberta's Industrial Carbon Tax at $95 per Tonne**: Alberta will keep its carbon tax at the current level of $95 per tonne, rather than increasing it to $110 next year and $170 by 2030 as previously planned. This decision aims to provide stability and predictability to the economy.

2. **Halting Further Increases**: The decision to maintain the tax at $95 per tonne means that there will be no additional hikes, which could otherwise burden businesses and potentially affect investment and job creation.

3. **Stability for Key Industries**: By not increasing the carbon tax, the government is working to ensure that energy, agriculture, petrochemicals, manufacturing, and other vital sectors remain competitive and are not disproportionately affected by carbon pricing.

4. **Protecting Investments and Jobs**: The stable carbon tax environment is intended to safeguard the investments made in Alberta and the employment opportunities within these sectors.

5. **Innovation-Driven Emissions Reduction**: Instead of relying on higher taxes, the focus will be on pioneering emissions reduction through innovation and technology, which is a more sustainable long-term approach for the province's industries.

6. **Provincial Autonomy**: The decision underscores Alberta's commitment to managing its own carbon pricing system within its jurisdiction, resisting federal mandates that could negatively impact the local economy.
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Alberta is freezing the industrial carbon tax to protect jobs, investment


Alberta is suspending the industrial carbon tax to safeguard employment, investment, and competitiveness. We will not allow Ottawa's irresponsible increases or US tariffs to undermine our economy. This is our domain, and we are resolutely maintaining our position.
- Our industry, from energy to agriculture, not only powers our economy, but the wealth that they generate allows us to provide all Britons with the essential services they rely on, from healthcare to education. As such, today we're announcing that, effective immediately, Alberta is freezing the industrial carbon tax and/or as technology and innovation- Asian emissions reduction system: we are providing certain team stability and economic relief to the businesses that contribute so much to all of Canada, and we are supporting the energy producers whose expertise and innovation are quite literally shaping the world's energy future, but this freedom doesn't just benefit our energy industry; it's also agriculture.- forestry, petrochemicals, and other industries that make the products the world needs that contribute so much to our economy and create jobs that enable hardworking Albertans to provide for their families


These measures are designed to help Alberta navigate the challenging global trade environment while maintaining a balance between environmental responsibility and economic growth. For further details on these policies, you can visit the Alberta government's website at alberta.ca/release.cfm?xID=7880E57F98C02-491C-A0DA-EA880A2C0A0E8B4B7.