Many companies are expecting to pay into a new Climate Change and Emissions Management Fund at the rate of $15 for every a tonne they exceed the carbon cap.
Alberta Environment expects most companies will pay into the fund initially because they won’t be able to produce sufficient reductions in the first six-month period of the climate-change law.
The penalty payments could amount to $177 million if they all pay the maximum, based on their latest emission and production levels.
From the Edmonton Journal
