The federal government, they released their further detail on the output-based pricing system in December of 2018. It was apparent from that information released by the federal government that, their final version of the output-based pricing system, there will be likely be much lower carbon tax revenues from the largest emitters under the federal system. This was confirmed by the federal government. This certainly has resulted in us looking at our approach as it does not make sense for us to place our businesses at a competitive disadvantage compared to what would happen under the federal backstop. That said, we continue to believe our general approach to large emitters is more appropriate in our northern context, but we will need to make some tweaks to ensure that we are largely consistent with the federal system.
Robert C. McLeod on Question 770-18(3): NWT Carbon Tax Large Emitters
In the Legislative Assembly on June 4th, 2019. See this statement in context.
Question 770-18(3): NWT Carbon Tax Large Emitters
Oral Questions
June 4th, 2019
Page 5745
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