No carbon tax, international carbon trading, Baird says:
But Baird said he is moving toward a carbon trading market in Canada. This would allow a company in one part of the country to invest in green projects somewhere else in Canada and be given credit for reducing its emissions.
Its safe to assume this is just empty gesticulation on Baird's part.
Because if an international carbon trading market proves unacceptable to Canada as a whole, a nation-wide market will almost certainly prove unacceptable to Albertans.
For, as the CIBC's Rick Rubin makes clear, under the initial conditions of any type of carbon regulation scheme, oil sands producers will have to be huge purchasers of emission credits. And these will have to be purchased from companies in other provinces. So there will be a "huge"outflow of money from Alberta to, if this map of Canadian emissions is accurate, places like Quebec and maybe even Ontario.
Sell that to Ed Stelmach.