PETERBOROUGH (ON) CHAMBER OF COMMERCE | PETERBOROUGH, ON
  • COVID-19
    • Financial Support Programs
    • Business Resources for Recovery
    • Government Responses
    • Workplace Guidelines
    • Wellness Support
    • Government Advocacy
  • What We Do
    • Influence
    • Profile
    • Knowledge
    • TeamPtbo
  • Find A Member
    • Online Directory
    • Printable Directory
  • Membership
    • Member Discounts
    • Promoting Your Business
    • Annual Report 2018
    • I'm Here Campaign
    • #lovelocalptbo campaign
    • Join Us
  • Events
    • Calendar
    • 2021 Business Summit
    • Power Hour 2021
    • Peterborough Business Excellence Awards
  • Advocacy
    • Voice of Business
  • Connect With Your Chamber
    • Join Us
    • Board of Directors
    • Message from the Chair
    • Your Chamber Team
    • Blog
    • Social Media
    • Business Resources
    • Feedback >
      • Accessibility
    • Subscribe to e-Newsletter
  • #lovelocalptbo sponsors

Blog
​influence. profile. knowledge.

Federal Carbon Pricing Bill: What is it and how will it impact business?

1/23/2018

0 Comments

 
Picture
The federal government released its long-awaited draft legislation on the federal carbon pricing regime. Provinces and territories must put into place carbon pricing systems that meet certain criteria, called a “benchmark”.

For those jurisdictions that do not meet these criteria, the federal government will impose its own carbon pricing regime – referred to as a “backstop.” The backstop has two parts. First, is a carbon levy that distributors of fuel will have to pay. It won’t be charged at the pump, although it will increase the price of natural gas and petroleum and, in some places, electricity. Second, is a separate regulation that will only apply to facilities that emit a large amount of greenhouse gases.

Since provinces and territories have until September 1, 2018 to outline their approach to carbon pricing, it is not yet certain where exactly the federal systems will apply. However, carbon pricing systems in BC, Alberta, Ontario and Quebec are generally expected to meet the federal government’s criteria and won’t be subject to the federal law as well.

The chamber network has supported carbon pricing since 2011. However, as mentioned in a letter to Prime Minister Trudeau and signed by the CEOs of the provincial and territorial chambers, we are concerned that government is choosing to layer regulation on top of carbon pricing policies. This approach not only adds costs but negates one of the main benefi ts of carbon pricing: the fl exibility it offers to business.

We’ll continue to make the case that, as Canada moves forward with ambitious climate policies, government should consider lowering costs elsewhere. A good place to start is comprehensive review of the Canadian tax system.

If you have any questions on this policy file, please reach out to our Natural Resources Policy Director Katrina Marsh, kmarsh@chamber.ca .  If you do please cc Peterborough Chamber Policy Analyst Sandra Dueck sandra@peterboroughchamber.ca
0 Comments



Leave a Reply.

    Author

    The Peterborough 
    Chamber of Commerce acts as a catalyst to enhance business growth, opportunity, innovation, partnerships and a diverse business community. 

    Archives

    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    September 2015
    August 2015
    June 2015
    May 2015
    April 2015
    January 2015

    Categories

    All

    RSS Feed

Copyright © 2021 Greater Peterborough Chamber of Commerce.  ​All rights reserved.
175 George Street North, Peterborough, ON, K9J 3G6
Phone: (705) 748-9771  |  (705) 743-2331  
Home    |    Calendar    |   Site Map   |    Privacy    |    Accessibility
Join the Chamber
MemberClicks
  • COVID-19
    • Financial Support Programs
    • Business Resources for Recovery
    • Government Responses
    • Workplace Guidelines
    • Wellness Support
    • Government Advocacy
  • What We Do
    • Influence
    • Profile
    • Knowledge
    • TeamPtbo
  • Find A Member
    • Online Directory
    • Printable Directory
  • Membership
    • Member Discounts
    • Promoting Your Business
    • Annual Report 2018
    • I'm Here Campaign
    • #lovelocalptbo campaign
    • Join Us
  • Events
    • Calendar
    • 2021 Business Summit
    • Power Hour 2021
    • Peterborough Business Excellence Awards
  • Advocacy
    • Voice of Business
  • Connect With Your Chamber
    • Join Us
    • Board of Directors
    • Message from the Chair
    • Your Chamber Team
    • Blog
    • Social Media
    • Business Resources
    • Feedback >
      • Accessibility
    • Subscribe to e-Newsletter
  • #lovelocalptbo sponsors