Monday, July 6th13.9°C
26926
22952

Study calls for federal carbon price to win broad support for oil pipelines

CALGARY - A study by the Mowat Centre says Ontario must push to ensure the benefits of proposed oil pipelines in the province — not just their costs and risks — are spread throughout Canada.

The report's authors say efforts by Ontario and other provinces to reduce their greenhouse gas emissions are being eclipsed by the emissions that come from rising output in Alberta's oilsands.

The paper says the most realistic and reasonable way to win broad support for pipelines is through a federal price on carbon, the proceeds of which could be invested in research, development and clean technology.

The report also flags concerns over the impact to Ontario's natural gas consumers in light of TransCanada Corp.'s proposal to switch part of its west-to-east gas mainline to oil service.

There are two proposals in the works to ship western crude to eastern markets via Ontario: Enbridge Inc.'s (TSX:ENB) Line 9 reversal and TransCanada's (TSX:TRP) much larger Energy East project.

On a recent visit to Calgary, Ontario Premier Kathleen Wynne expressed support for such projects, provided the environment is protected and First Nations are properly consulted.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7940+0.0005
Gold1163.50+0.50
Oil55.38-2.23
Lumber288.50+0.40
Natural Gas2.746-0.076

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 



26480

FEATURED Property
22995331088 Sunset
2 bedrooms 2 baths
$519,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_





26376


Member of BC Press Council


26782