The economics of sequestration are expensive on a per-tonne basis. A tax would catch producers and consumers, a long-standing demand of producers in the oil and gas industry. It would give price certainty to companies. It would be much easier to keep the revenues in Alberta and other fossil-fuel provinces. It would be so much simpler to administer.
Jeffrey Simpson
Globe and Mail
Quebec is expected to receive somewhat more than $8.5-billion in equalization payments next year, up from about $8.3-billion this year. The payments will represent about 11 per cent of the government’s total revenues.
A big chunk of those payments come from the richest province, Alberta. So one would have thought that gratitude, if nothing else, might be extended from Quebec (and other equalization-receiving provinces, including Ontario) to Alberta.
No, a little Alberta-bashing apparently sells in la belle province, especially over the environment. Alberta has an environmental challenge, all right, because its greenhouse emissions are the highest in Canada, and Canada’s overall record is among the very worst in the world.
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