Albert'a climate change policy

The new policy is intended to urge consumers and companies to use lower-carbon, cleaner, and renewable energy resources instead of high-priced and high-emissions energy. The implementation of the policy will speed up the reduction trend in carbon emissions in the short term and in the longer term, it will create an environment encouraging innovative ideas and new technologies and make an opportunity for lower-carbon products to compete in the energy market 

At an initial price of $20 per tonne in 2017, rising to $30 in 2018, and rising at inflation plus 2 per cent after that, this is a tangible price on carbon that is within the range of reasonable estimates of the true cost of carbon. The new carbon taxation is evaluated to generate revenue of around $3 billion by 2018, and potentially increasing to over $5 billion by 2030 [1] 

Firms will pay a carbon tax of $30 per tonne, just like everyone else.
Facilities emitting 100,000 tonnes CO2E/yr or more from all sources are required to reduce their emissions per unit of production by 15% below their historical baseline emissions intensity in 2016 and to 20% in 2017. 
If a facility reduces its emissions intensity below its emissions target, it may generate “Emissions Performance Credits” (EPCs) [2] which can be banked and accumulated for future years or be traded in the carbon market. On the other hand, facilities with annual emissions intensity over the limit which are not able to improve their performance to meet their targets must acquire credits. They may either use their banked EPCs from previous years, or purchase EPCs from a different facility, or “Emissions Offset Credits”, or pay their carbon tax to the Climate Change and Emissions Management Fund.

Facilities that emit 100,000 tonnes of CO2 Annually

Under the existing SGER :

• Any facility that emits more than 100,000 tonnes of carbon dioxide (CO2) per year is considered a “regulated facility” and is required to reduce its emissions intensity by 12 per cent versus its operational baseline.
• Contribute to the Fund and purchase a Fund credit, the cost of which has remained at C$15/tonne of CO2 since July 1, 2007

After the Alberta's Climate Change policy

• Increasing the operational efficiency requirements from 12 per cent to 15 per cent to 20 per cent over two years will have a dramatic impact on existing facility operation.
• Increasing the costs of Fund credits from C$15/tonne to C$20/tonne to C$30/tonne will have a direct impact on a regulated facility’s compliance costs.