Feds looking to protect carbon price with legislation or compensation

By Canadian Press

Mar 30, 2022 | 12:53 PM

OTTAWA — Environment Minister Steven Guilbeault says the government wants to “future proof” the carbon price against political decisions to cancel or lower it down the road.

The new emissions reduction plan Guilbeault tabled Tuesday calls the federal carbon pricing system the “cornerstone” of Canada’s climate plan.

But Guilbeault warns that investors are still wary of the risk that a future government might lower the price or eliminate it altogether.

He says the government is in the midst of debating ways to calm those jitters, such as enshrining the price and its annual increase into law, or establishing a program to ensure investors are compensated if the price goes off course.

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