Oil Price Rout to Impact Alberta Carbon Emissions Policy
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Oil’s 25 percent slide since June will play a role in Alberta’s new climate and carbon regulations, Premier Jim Prentice said.
The Canadian province will make a decision by the end of December on whether to raise its levy of C$15 ($13.29) a metric ton for large carbon emitters, while revisions on a broader range of climate policies may come at the same time, Prentice said. The drop in the price of oil, which is probably here to stay for a while, means it’s “time for caution,” he said.