$40 per tonne carbon penalty no ‘magic bullet’ for Alta. government

Premier stresses Albert'a $15 per tonne carbon tax won't meet 12% intensity reduction target.

April 10, 2013
by The Canadian Press

WASHINGOTN, DC – Alberta Premier Alison Redford is pouring cold water on reports her government already has a dollar amount in mind for an increase to its carbon levy on industry.

Redford is in Washington talking up Alberta’s environmental policies to support the approval of the Keystone XL pipeline.

The premier has repeatedly stressed Alberta’s existing $15 per tonne carbon tax on large emitters who don’t meet a 12% intensity reduction target.

And her government has acknowledged in recent weeks that the levy may need to be raised.

Recently leaked reports suggest Alberta could move to a 40 per cent intensity reduction target with penalties of $40 per tonne.

But Redford says that number is not a “magic bullet” and she warned that no one should presume that will be the final target.

©The Canadian Press