Quote:
Originally Posted by Truenorth00
Innovation made economical by carbon pricing providing a cost avoidance incentive. Yet so often those who claim innovation will solve everything are often opposed to the very incentive system that improves the economic viability of such innovation.
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A number of the largest investment firms have pulled investments out of the oil sands, due to the image that oil sands are emit too much ghg's, which I think will drive more of the development of these such technologies, rather than a domestic tax (my opinion). Those investors obviously didn't take into account the carbon tax for large emitters that has existed in Alberta since 2007.
Not to mention, the Alberta Trunk Line was actually proposed back in 2004, but were put on hold due to the Great Recession in 2008. long long before a carbon tax was even thought about. So I wouldn't credit the Liberal imposed carbon tax to any of the innovation that went into this particular project