Clean Prosperity Western Director Adam Sweet made the following statement about the federal government’s new emissions cap for the Canadian oil and gas sector, announced today: “The federal government’s decision to implement a cap-and-trade system solely for Canada’s oil and gas industry is the wrong policy. This approach creates uncertainty and regulatory complexity that risks
"Today’s announcement is an important step for stimulating Canadian low-carbon economic growth, and for climate action," said Clean Prosperity Executive Director Michael Bernstein.
Clean Prosperity welcomes one of two changes to Canada's carbon pricing policy announced yesterday by the federal government, and has concerns about the other.
New economic modelling shows how to close incentive gaps with the US.
Done poorly, contracts for difference could exacerbate tensions between federal and provincial / territorial governments around carbon pricing.
The government should conditionally purchase carbon credits in order to address the root imbalance between supply and demand.
Carbon contracts for difference can make carbon pricing work better.
Gaps remain in incentives for technologies from carbon capture to hydrogen, with electricity a notable exception
A review of Canada’s anticipated emissions trajectory toward net-zero emissions based on modelling current climate policy.
Net zero commitment signals province is open for low-carbon business
The announcement today that a majority of Canadian provinces have proposed industrial carbon pricing systems that meet federal standards could be good news for Canadian industry, the Canadian economy, and our climate targets.
We encourage the federal government to take bold steps in Budget 2023 to support the Canadian businesses that are innovating and shifting to compete in a low carbon world.