Showing posts with label fossil fuel tax. Show all posts
Showing posts with label fossil fuel tax. Show all posts

June 3, 2016

Alberta Introduces Carbon Tax Bill as it Formalizes Climate Plan

Alberta is moving to turn its ambitious climate-change plan into law with the introduction of legislation to tax purchases of all fossil fuels, including gasoline and natural gas.

Bill 20, introduced on Tuesday, is one of the first major steps by the Alberta government to formalize grand plans unveiled last November, when it announced a sweeping climate-change plan meant to significantly reduce or cap the province’s greenhouse-gas emissions.

Improving Alberta’s environmental reputation is seen as crucial by the NDP government and some energy industry leaders, who believe that the strategy will help attract investment in the oil and gas sector, put greater emphasis on technology and renewable energy and win support to build one or more new pipelines to Canadian coasts.