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    Alberta’s Climate Plan Endorsed by Industry and Environmentalists

    Alberta’s new strategy to combat climate change is endorsed by the oilsands industry and environmentalist groups, reports CBC news.

    Image: CBC News
    Premier Rachel Notley on Sunday unveiled Alberta’s climate strategy, which will include carbon tax and a cap on oilsands emissions among other strategies. (Amber Bracken/The Canadian Press)

    The climate plan includes a carbon pricing regime, an overall emissions limit for the oil sands and a phasing out of coal-fired electricity. The emissions cap, coupled with the direction of revenue generated from the carbon pricing regime towards innovative technologies aimed at GHG reduction, are seen as motivators for the oilsands sector to become more globally competitive through innovation.

    In a joint statement of support, Cenovus Energy, Suncor Energy, Shell Canada and CNRL say that the newly introduced measures “provide predictability and certainty” for oilsands producers. Brian Ferguson, President and CEO of Cenovus Energy, said: “We fully support the Government’s new climate policy direction. It enables Alberta to be a leader, not only in climate policy, but also in technology, innovation, collaborative solutions and energy development. I believe it will lead to Albertans and Canadians receiving full value for their oil and natural gas resources, while addressing climate change.”

    To read the full article from CBC Newsclick here, and to read the joint statement of support from the oilsands industry, click here.

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