Fwd: E&E News story on Alberta's Carbon Policies

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is what I am calling about. JP --Sent from my iPad-- [email protected] For scheduling: [email protected] Begin forwarded message: > From: "Giffin, Gordon" <[email protected]> > Date: March 23, 2015 at 2:46:21 PM EDT > To: "'[email protected]'" <[email protected]> > Subject: Fw: E&E News story on Alberta's Carbon Policies > > The Canadian federal government I believe would also be open to taking action on ghg policy. There is a window of opportunity for the continent. > > From: Shaw, Andrew > Sent: Monday, March 23, 2015 01:05 PM Eastern Standard Time > To: Giffin, Gordon > Cc: Greenwood, Scotty > Subject: E&E News story on Alberta's Carbon Policies > > POLICY: > Oil sands province considers carbon tax overhaul > Published: Monday, March 23, 2015 > Lawmakers in Alberta are considering upgrading its current carbon tax policy to one that is broader in nature, a move that could improve the region's environmental credibility. > Last week, Municipal Affairs Minister Diana McQueen was appointed to lead the debate on revamping the policy. Since 2007, large emissions producers like oil sands and power producers are required to pay $15 per metric ton of carbon produced past their facility limit, purchase offsets or reduce their emissions. About $500 million has been collected from the tax so far and can be used toward emissions-reduction technologies. > Since emissions have continued to grow in Alberta, the province has not received a lot of credit for this policy on the international stage, according to Financial Post columnist Claudia Cattaneo. > "I think Alberta knows, and the government knows, that its current system is not a perfect system," said Chris Ragan, an associate professor of economics at McGill University in Montreal and head of Canada's Ecofiscal Commission. "There is a belief that Alberta can do better in terms of designing a system with better coverage ... that might improve its credibility. And that might feed positively on the market-access issue for getting Alberta's products to market." > The tax has not been overhauled in part because of the collapse of oil prices, but talks are currently underway with multiple stakeholder groups. A broader carbon tax, similar to that of British Columbia, would have support from both the oil community and environmental lobby, Cattaneo wrote. > If the policy was expanded to tax consumers, such as in the form of a gasoline tax, for example, experts said that would decrease pressure to increase taxes for large emitters. > "For good policy on carbon pricing, we need to look further west, at British Columbia," said Amin Asadollahi, program director at the environmental think tank Pembina Institute. "Their emissions have gone down, while their [gross domestic product] has grown, and what they did was economywide carbon pricing." > He said Alberta could start with a low carbon price and gradually increase it. The type of policy would encourage industry to innovate and make it more resilient, while also recycling money back into the local economy, Cattaneo wrote (Claudia Cattaneo, Financial Post, March 19). -- BP > > > Andrew R. Shaw | Associate > McKenna Long & Aldridge LLP > 1900 K Street NW | Washington, DC 20006 > Tel: 202.496.7116 | Fax: 202.496.7756 | [email protected] > > P Please consider the environment before printing this e-mail. > > CONFIDENTIALITY NOTICE: This e-mail and any attachments contain information from the law firm of McKenna Long & Aldridge LLP, and are intended solely for the use of the named recipient or recipients. This e-mail may contain privileged attorney/client communications or work product. Any dissemination of this e-mail by anyone other than an intended recipient is strictly prohibited. If you are not a named recipient, you are prohibited from any further viewing of the e-mail or any attachments or from making any use of the e-mail or attachments. 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