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Canadian Natural Resources Ltd
Symbol CNQ
Shares Issued 1,188,518,886
Close 2019-11-01 C$ 34.08
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Globe says Husky, rivals see Kenney move on carbon tax

2019-11-04 09:50 ET - In the News

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

The Globe and Mail reports in its Saturday, Nov. 2, edition that last week EnCana said it was moving to the United States, which Premier Jason Kenney blamed, with limited regard to the truth, on Prime Minister Justin Trudeau's government. A Globe editorial says last week Mr. Kenney moved closer to the Grits on carbon emissions. On Tuesday, the United Conservative Party government unveiled its climate plan. The move represents a step forward for Mr. Kenney's government. Mr. Kenney has spent years railing against carbon taxes. It helped his UCP win the spring election. On taking office, Mr. Kenney immediately rescinded the tax on consumers put in place by the previous New Democratic government. The new tax of $30 a tonne is 50-per-cent higher than the $20 a tonne in the UCP's election platform. Will Alberta hike its rate to $50 by 2022, as Ottawa wants? The UCP says it will consider it. The new Alberta system has received particular kudos from climate experts. The UCP is keeping the rules the NDP established. As Mr. Kenney quietly imposes his carbon tax on industry, he can keep up his very public opposition to any such tax on consumers -- secure in the knowledge that Ottawa will act to fill the gap.

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