Issue No. 49 - Winter 2007

After spending the summer ruminating on environmental issues, the Federal Government released, in October, 2006, the much-anticipated “Clean Air Act”.

The government is taking the approach that blends the issues of air pollution and greenhouse gas (GHG) emissions. Legitimately, both issues need significant attention but the strategy will create challenges in communicating priorities. Specific to carbon trading, the Government wants to consult with the provinces and various industry groups on a course to reduce GHG emissions. The Government indicates that it will not spend taxpayer dollars on carbon credits but does encourage industry to develop whatever tools it feels appropriate to meet eventual domestic environmental targets.

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