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Monday, April 08, 2013 11:39:27 PM
In order to meet Canada's targets for cutting greenhouse gas emissions, the report from the Pembina Institute proposed three steps. The first concerns setting a target of at least 42 percent emissions reduction for the sector. If businesses fail to do so, by 2020 they should be required to pay at least $100 per tonne into the technology fund. However, the price may have to reach $150 per tonne to increase the chances of closing the gap. The third proposed rule includes restricting businesses' access to offset credits, the institute said.
http://www.processingmagazine.com/articles/125395-new-report-calls-for-tough-emissions-regulation-for-canadas-oil-and-gas-industry
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