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TC Energy Corp
Symbol C : TRP
Shares Issued 928,788,976
Close 2019-07-17 C$ 65.56
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Husky, others hear Globe pan Kenney's carbon plan

2019-07-18 07:36 ET - In the News

See In the News (C-HSE) Husky Energy Inc

The Globe and Mail reports in its Thursday, July 18, edition with the federal government poised to impose its carbon tax on Alberta, Premier Jason Kenney has launched a constitutional challenge in court to block it. The Globe's David Parkinson writes that Mr. Kenney is not alone among conservative political leaders denouncing carbon taxes. The main thrust of their beef is that consumers should not be the ones footing the bill. Mr. Kenney in Alberta will rely on levies on the province's biggest industrial facilities to do the "heavy lifting," on carbon reductions. Mr. Parkinson says the notion that "the polluter" needs to pay misses the point of carbon taxes. The Globe says economists broadly agree that putting a price on carbon for everyone is the most efficient and least distorting way for policy to influence consumption. The Conservatives' favoured approach, Mr Parkinson says, would paint a very big target on the back of Alberta's oil industry -- which, by extension, implies a disproportionate share of the carbon burden on the province's workers, businesses and its overall economy. Ultimately, the cost imposed on Albertans could make them long for the days before Mr. Kenney rescued them from a carbon tax.

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