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Canada scales down carbon tax plans

Published 08/02/2018, 04:45 AM
© Reuters.  Canada scales down carbon tax plans
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  • Canada's government is scaling back elements of its planned carbon tax regime to address worries from the business community about global competition, WSJ reports.
  • Under the changes, industrial companies would now have fewer of their emissions - 20% versus the original 30% -subject to the levy.
  • The carbon tax takes effect next year, and starts at 10 Canadian dollars (US$7.68) a metric ton and rises gradually to C$50 by 2022.
  • ETFs: FXC, EWC, CNDA, GRN, EWCS, QCAN, FCAN, HEWC, FLCA
  • Now read: Global Carbon Credits: The Most Alternative ETF?


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