Alberta's carbon tax and related subsidies for the energy industry strike an appropriate balance between reducing emissions and protecting the economy, a panel of chief executives told a business crowd in Calgary on Wednesday. Alberta's policy also includes "output-based allocations," which are essentially subsidies that will reward the province's most efficient energy producers. Cenovus CEO Brian Ferguson speaks to a business audience about Alberta's carbon tax at an event organized by the Calgary Chamber of Commerce. Alberta's new carbon tax includes output-based subsidies that reward the province's most efficient energy producers. (Cenovus)Chris Ragan, chair of Canada's Ecofiscal Commission — an independent, non-partisan research group devoted to pollution pricing in general — said Alberta's carbon pricing system is, overall, a "pretty well-designed policy."

Source: CBC News April 19, 2017 22:21 UTC