OTTAWA — Prime Minister Mark Carney and Alberta Premier Danielle Smith have signed a memorandum of understanding that commits them to working toward building an oil pipeline to the West Coast.

At a signing ceremony in Calgary today, the two agreed to terms that commit Ottawa to adjusting the West Coast tanker ban if a pipeline project is approved as a project of national interest under the Building Canada Act and provides “opportunities for Indigenous co-ownership and shared economic benefits.”

It also says Alberta will implement an industrial carbon price of $130 per tonne by April 1 — bringing it above the federal benchmark — and that Ottawa will immediately suspend the clean electricity regulations in the province pending a new carbon price agreement.

The agreement pairs the pipeline

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