Ontario, Canada just decided to undertake a cap-and-trade approach in reducing their greenhouse gas emissions, joining its Frenchier neighbor Quebec and the US state of California under the so-called Western Climate Initiative and its cap-and-trade program, to invest further in a green future.
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It remains to be seen how Canada’s oil sector – and a host of other industrial sectors, especially those with operations in Ontario – will fare under the cap-and-trade scheme.
Although President Obama just nixed TransCanada’s proposed Keystone XL pipeline, tar sands oil will in all likelihood continue to dribble from Canada to China and elsewhere, regardless of whether a pipeline links Alberta to the Gulf. At least that’s the conventional wisdom many folks in the US manufacturing sector point to, when discussing the pros and […]