Clean fuel standard will lead to a tug-of-war between economy and environment

While the threat of climate change is real and must be addressed, should the clean fuel standard proceed as currently proposed, there is the very real threat that Canada’s chemistry industry could move production to jurisdictions that produce the same products with much higher carbon-intensity feedstock, such as Asia.
Despite the environmental urgency, there is a need to ensure economic considerations—to Canadian business and consumers are also factored in to ensure balanced decision making, writes Bob Masterson.
In 2015, a fresh government came into office with the mindset that the environment and the economy go hand-in-hand—that one cannot thrive without the other. Just as Parliament entered its final stretch ahead of the 2019 federal election, the government’s federal carbon price came into effect as ...

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