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 â€” not just their costs and risks â€” 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.
Read more Business News
- Strike or settlement?Poll
- 'Spiderman' arsonist gets jail timeKelowna
- Road project jumps by $1.1MKelowna
- Murder details brings family to tearsKamloops
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...