Calgary (Rajeev Sharma): Alberta Premier Danielle Smith has unveiled amendments to the province’s industrial carbon tax program, enabling companies to circumvent provincial carbon fees by investing in their own emissions reduction projects. The policy, slated to take effect this fall, aims to foster economic growth while encouraging businesses to decrease greenhouse gas emissions.
Smith stated that the modification provides companies with greater flexibility and incentivizes innovation. “This ensures companies can direct their funds toward projects that reduce emissions within Alberta, rather than merely paying into a government fund,” she remarked to reporters on Tuesday.
Many industrial stakeholders have expressed support for the change, citing that allowing companies to invest directly in emissions-reducing projects offers clearer incentives to innovate instead of merely paying fees.
