Alberta has new climate leadership plan
The cap on emissions has been set at 100,000 mt/year, Alberta's Premier Rachel Notley said while unveiling the plan in Edmonton, which was webcast.
There is currently no cap on greenhouse gas emissions by producers in Alberta, while emissions stand at 70,000 mt/year from total output of almost 2.3 million b/d of raw bitumen, she said.
Alberta will also hike the price of carbon paid by emitters to the province from the current C$15 ($11.20)/mt to C$20/mt from January 2017 and C$30/mt a year later, she said.
It will also introduce a Carbon Competitiveness Regulation in 2018 that will set a price on carbon for industrial emissions, a five-member panel set up by the province said in its report.
The panel was tasked with suggesting ways to reduce greenhouse gas emissions without discouraging oil sands investments. ■