Saturday, August 30th20.3°C
22568
22455

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

22997


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9194+0.0003
Gold1281.70-2.1001
Oil95.96+1.29
Lumber348.40+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 





FEATURED Property
2053740 449 Trumpeter Road
4 bedrooms 3 baths
$635,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_





22854


Member of BC Press Council


22885