While Canada waits for the new oil and gas regulations promised for Spring 2013 by Environment Minister Kent, the Pembina Institute has released its own recommendations for what it calls this “make-or-break moment for Canada’s climate credibility”. Author Claire Demerse recommends: the oil and gas industry reduce emissions intensity by 42 % ; the technology fund levy for those who don’t meet the emissions reduction target should increase to at least $100 per tonne by 2020; the current unlimited access to offset credits for companies should end.
Read Getting on Track to 2020: Recommendations for Greenhouse Gas Regulations in Canada’s Oil and Gas Sector from links at:http://www.pembina.org/pub/2427 .
In Alberta, discussion is underway for reform of the provincial carbon pricing system, with the media reporting proposals of a 40% target to improve emissions intensity, and a compensating payment of $40 per tonne if that is not achieved.
Read “Carbon levy talks in early stages, Alberta environment minister confirms” in the Edmonton Journal, April 4, 2013 at:http://www.edmontonjournal.com/technology/Alberta+reviewing+climate+change+policy+McQueen+confirms/8195862/story.html, and See What you need to know about Alberta’s 40/40 carbon pricing proposal, by Simon Dyer (April 5, 2013) at the Pembina website: http://www.pembina.org/blog/707.