Trudeau Says Incentives for Carbon to Help Keystone Bid
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Justin Trudeau says he would bolster Canada’s case for approval of the Keystone XL pipeline by introducing financial incentives to curb greenhouse-gas emissions in the oil and gas industry.
Canada should establish a price for carbon emissions to show it’s addressing climate change and to give President Barack Obama political “cover” to approve TransCanada Corp.’s $5.4 billion project, Trudeau, leader of Canada’s Liberal Party said yesterday in an interview in Fort McMurray, Alberta. He said he was “agnostic” about how the price should be set.