New regulations set to cost Alberta large emitter upwards of$1.2 billion a year

Large carbon emitters in Alberta are expected to pay upwards of $1.2 billion a year in levies by 2020 under updated regulations announced today.

The government, however, says its plan includes a phase-in period and significant funding assistance to make it easier for industry to adapt to the new regime, while offsets and credits mean government will take in closer to $800 million.

The new structure, called the Carbon Competitiveness Incentives, comes into place Jan. 1, 2018 and applies to facilities like oilsands operations, cement plants and fertilizer production that produce more than 100,000 tonnes of carbon dioxide a year.

Industry will only have to pay 50 per cent of the costs next year, moving to 75 per cent for 2019, before the full regulations take force by 2020.

Environment Minister Shannon Phillips says the new regulations are intended to incentivize industries to reduce emissions, with facilities below a set level of emissions rewarded and those above it penalized.

The government says the $1.4 billion in funding announced Tuesday will also help industry adapt and increase efficiencies before the full costs of the new regulations take force.

Just Posted

Car hits moose north of Red Deer, driver in hospital with life threatening injuries

One person was airlifted to hospital, and another taken by ambulance after… Continue reading

Red Deer’s Ten Thousand Villages to close in 2018

This will be the last Christmas for Red Deer’s Ten Thousand Villages.… Continue reading

Celestial light show can be seen over Red Deer this week

Local students stay up to watch the meteor shower

Businesses to gather to talk about crime

Red Deer Downtown Business Association understands challenges

Watch: Man plays flaming bagpipes while riding a unicycle in a ‘Star Wars’ costume

The sight of Darth Vader, riding a unicycle and playing flaming bagpipes,… Continue reading

Dying man’s wish to see new ‘Star Wars’ movie coming true

A dying man’s wish to see the new “Star Wars” movie is… Continue reading

Bountiful polygamist believed he couldn’t be prosecuted: lawyer

Winston Blackmore’s lawyer says Blackmore did not believe he could be prosecuted

Trudeaus, Mulroneys, Erdem? Canadians who could snag a royal wedding invite

Save the date. Kensington Palace announced Friday that Prince Harry and Meghan… Continue reading

More to be done to ensure timely justice, retiring Beverley McLachlin says

Canada’s retiring top judge says more must be done to ensure the… Continue reading

Labrador mayor who was shot in face in hunting accident has died

John Hickey accidently shot himself while checking rabbit snares

Shelter dogs could go vegan in Los Angeles

Los Angeles may soon be home to a lot more vegan dogs.… Continue reading

The coolest way to serve coffee at dinner’s end

I can put together a decent dinner party. But when it comes… Continue reading

Firefighter dies, thousands more take on California blaze

One of the thousands of firefighters battling a series of wildfires across… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month