It appears the party who ran on a platform of ‘law and order’ and ‘those who obey the rules benefit’ are about to have their standards tested. The House of Commons yesterday passed a law compelling the government (aka the Conservatives at the moment) to honour Canada’s commitment to Kyoto. The bill passed yesterday has to yet pass the Senate which is predominantly Liberal and as such will likely pass it fairly quickly.
notice: The content of this post contains my opinions and my right to express them. I will respect your right to express your opinion in the comments as long as you’re not abusive and you respect my right to my opinion.
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February 16th, 2007 at 2:53 am
Thanks for the link. My original figures were wrong, and the dollar value works out to Billions instead of millions, but the theory still holds true in my opinion….
February 16th, 2007 at 5:52 am
Thanks for letting me know Dino. The theory that the companies will pay for the carbon credits before doing the retrofits may hold true to some degree. If they are looking at billions rather thank millions to buy the credits and they have to buy them again even every two years they may well decide to bite the bullet and do the retrofits. The incentives become a lot larger once a zero or two gets added to the end of the cost.