Investment in the energy sector could shrink by an additional 40 per cent this year.
energy policy in alberta
Bill-22 will provide much-needed certainty for future investment decisions.
Carbon taxes are once again dominating the discussion over energy policy in Alberta, where Environment Minister Diana McQueen has proposed a sharp hike to Albertas carbon levy. Presently, large emitters in Alberta are required to reduce greenhouse gas emission intensity (that is, emissions per unit of production) by 12 per cent, or face a levy of $15 for every tonne they come up short. The new proposal would hike the emission intensity target to 40 per cent, and raise the levy to $40. Nice round numbers, to be sure, but extremely ambitious ones.