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Alberta unveils rules for oil sands, other large carbon emitters

Published 12/06/2017, 06:42 PM
Alberta unveils rules for oil sands, other large carbon emitters
  • Canada's crude oil producing Alberta province unveils new rules on how it plans to charge large industrial carbon emitters including the oil sands sector, targeting a 19% cut in emissions by 2030.
  • Alberta's plan will apply to any facility emitting more than 100K metric tons/year of carbon, of which there are 110 in Alberta - none of them disclosed by the government; the oil sands industry comprises 24% of Alberta's total emissions.
  • Alberta says it will make C$1.3B in funding available over the next seven years to support projects aimed at cutting emissions.
  • Potentially relevant tickers include SU, CVE, ENB, TRP, CNQ, IMO, XOM, RDS.A, RDS.B, PDS, CEO, OTCPK:HUSKF, OTCPK:MEGEF, OTCPK:ATHOF
  • Now read: Enbridge: A Good Time To Buy

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