Feds unveil carbon emissions caps

摘要

The trading week ended April 27, the 17th of 2007, was punctuated by the Canadian government's unveiling of a potentially far-reaching environmental policy. On April 26, the Conservative government presented a plan designed to do three things: reduce Canada's carbon emissions by an absolute 150 million tonnes by 2020; cut industrial air pollution in half by 2015; and help get the Tories re-elected by reducing environmentalism as a wedge issue. Apart from the predictable shrieks from the eco-doom crowd, reaction from the public and industry was muted, as it will take months to digest what the new regulations, if passed, would require Canadians to do, particularly in carbon-intensive industries such as oil and gas, and coal. No mining associations have publicly commented on the plan.