Alberta to Limit Oil-Sands Emissions in Climate Policy Revamp
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The Suncor Energy Inc. mine stands at the Athabasca oil sands in Alberta, Canada.
Photographer: Ben Nelms/BloombergThis article is for subscribers only.
Alberta will cap oil-sands emissions for producers such as Suncor Energy Inc. and Imperial Oil Ltd., phase out coal power plants and implement an economy-wide price for carbon in an effort to curb pollution from Canada’s largest greenhouse-gas emitter.
The oil-sands industry will face a limit of 100 megatons of carbon emissions a year, the government said in a statement on Sunday, above current annual emissions of about 70 megatons. The province will phase out coal power plants by 2030 and set a carbon price of C$20 ($15) a metric ton by 2017, rising to C$30 in 2018.