Tuesday, January 27th-2.3°C
24779
24890

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

24393


Recent Trending




Today's Market
S&P TSX14833.88+36.05
S&P CDNX676.77+2.38
DJIA17387.21-291.49
Nasdaq4681.498-90.266
S&P 5002029.55-27.54
CDN Dollar0.8051-0.0019
Gold1288.80+9.40
Oil47.36-0.59
Lumber312.50+0.80
Natural Gas2.909-0.072

 
Okanagan Companies
Pacific Safety0.12-0.02
Knighthawk0.010.00
QHR Technologies Inc1.43+0.04
Cantex0.0350.00
Anavex Life Sciences0.180.00
Metalex Ventures0.035-0.005
Russel Metals24.33-0.12
Copper Mountain Mining1.05-0.04
Colorado Resources0.155+0.02
ReliaBrand Inc0.0069+0.0009
Sunrise Resources Ltd0.055+0.03
Mission Ready Services0.21-0.03

 



23015

FEATURED Property
21594021112 Westpoint Drive
10091548 bedrooms
$299,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...


Ailing Parents: Tax Issues

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if you...


What do I pay ICBC for anyway?

If you have had ongoing dealings with ICBC as a result of a car accident than you have likely had the pleasure of dealing with at least two sides of ICBC. Initially the relationship starts off pleasan...

_








Member of BC Press Council


24222