Prime Minister Justin Trudeau will press the world to negotiate a minimum price on pollution at the COP-26 climate negotiations in Glasgow, Scotland, today, a step agreed by our Prime Minister.
Trudeau will start his second and final day of the climate negotiations by hosting a CO2 pricing event, where he will showcase Canada’s carbon price as one of the most ambitious in the world.
He compares the idea to the minimum corporation tax of 15 percent, which more than 130 countries have agreed to implement in an effort to prevent large multinationals from tax evasion by channeling their profits through low-tax countries.
Prime Minister Andrew Furey says the oil and gas industry is already heading for lower emissions.
He says oil and gas will be with us in the coming decades, so we need to make sure we have a lower CO2 footprint off our shores, as we are already seeing investment in lowering flares and investment in technology .
Carbon prices have been a political minefield in Canada, with opposing conservative provincial premieres taking their fight all the way to the Supreme Court, which upheld the program.