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Congratulations, Alberta, for agreeing to a 600% increase to your effective industrial carbon price cost! Mark Carney: "In its core (MOU) is tightening the tier system which is the industrial carbon tax system here in Alberta to a level of *at least* $130 with pass price from there. What...

44,695 просмотров • 7 месяцев назад •via X (Twitter)

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This part of the Alberta - Mark Carney MOU that drives up the real cost of compliance, which Carney boasts will increase by 6x. "In its core, is tightening the TIER system which is the industrial carbon tax price system here in Alberta...it means more than 6 times increase in the price of industrial price of carbon from its effective level." Effective Price is the actual number that hits the operating expense the hardest and impacts the balance sheet. I guarantee you every company's accounting department are now doing calculations and any future investment decision in Alberta will have this in their decision-making. The MOU's whole point on the industrial carbon tax is the convergence of the Headline Price-Effective Price-Floor Price. This is what ensures that companies pay the highest costs, with a slight gap for functional gap to trade credits. With the reduction in the "free" emissions allowance by 2% annually, creates a double whammy that has significant and mandatory increase in the cost of doing business in Alberta. This is the foundational part of the financial engineering mechanism behind carbon trade based system the Mark Carney has been drooling to implement for years. Every dollar on this doesn't go towards company's core business; such as drilling, doesn't go towards paying down debt or returning capital to shareholders. It forces companies to spend $ and send $ to projects that may be completely uneconomical and less productive, such as Carbon Capture etc. UCP just agreed to the biggest cost increase and red tape for our industries in Alberta's history.

Kirk Lubimov

19,211 просмотров • 1 месяц назад