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Carbon Tax Called a Threat to Oil Sands Projects

2013-04-09 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Calgary Herald: A proposal to increase Albertas carbon levy to $40 per tonne and target a 40 per cent cut in carbon emissions from big emitters could affect the viability of thermal oilsands projects, a Calgary investment bank warns. But FirstEnergy Capital added in a research report published Monday morning that the additional costs may be a justifiable trade-off if the plan convinces U.S. President Barack Obama to approve the Keystone XL pipeline. In the note, analyst Michael Dunn calculates the proposal...

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