It could include legislation to enshrine the carbon price and its upward trajectory into law. Or signing contracts with investors guaranteeing compensation if…
Michael Bernstein, executive director of climate policy organization Clean Prosperity, says investors aren’t moving their money to climate action as quickly as needed, adding that legislating confidence in the carbon price is one of the most important things in the new emissions plan.
Carbon pricing has been a political football in Canada for more than a decade and has played a role in every federal election, and multiple provincial elections, since at least 2008.The Ontario cap-and-trade system was eliminated in 2018 after the Progressive Conservative government of Doug Ford took office. A year later, Premier Jason Kenney killed off the carbon price implemented by the Rachel Notley government in Alberta in 2017.
Several candidates running to replace him are also promising to cancel, or at the very least adjust, the national system.