A new carbon pricing scheme for heavy industry that the Mining Association of BC (MABC) recently questioned is now getting the MABC’s stamp of approval.
Starting April 1, heavy industries in B.C. will not pay carbon taxes the same way other British Columbians pay them. The B.C. government is moving to an output-based carbon pricing system for industry.
The new industrial carbon pricing scheme applies to industries that emit 10,000 tonnes of CO2 per year or more.
It will use a performance-based system to reward those industries that can operate with emissions that are lower than approved industry standards with carbon credits. Those that exceed the industry standards would have
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