OTTAWA — Prime Minister Mark Carney has agreed to suspend clean electricity regulations in Alberta and will consider making an “adjustment” to the federal oil tanker ban off British Columbia’s coast to pave the way for construction of a new oil pipeline.

The concessions from the federal government will come in exchange for Alberta strengthening its industrial carbon price.

The commitments are outlined in a memorandum of understanding signed today in Calgary by Carney and Smith, outlining the terms of how both jurisdictions will work together on energy.

The document signing has been touted as an important step by both Alberta and Carney’s government to help transform Canada into an “global energy superpower,” as the prime minister promised during the spring federal election campaign.

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