LASER TALK: Canadian Companies Support a Carbon Tax

Laser Talk – Canadian Companies Support a Carbon Tax

Any attempt to achieve a federal price on carbon must have the support of business executives  because it is they who can make or break its effectiveness.

So who has stepped up to the plate so far? Several Canadian companies have announced their support for carbon pricing, and more are coming on board every month. The Mining Association of Canada (1) members Suncor and Royal Dutch Shell (Shell Canada’s parent company) have both said they are prepared for a carbon price.

The B.C. Carbon Tax is Canada’s highest at $30/tonne, and 130 businesses want it to go higher. (2)

Finally, The World Bank’s Carbon Pricing Leadership Coalition (CPLC), a voluntary partnership of national and sub-national governments, businesses, and civil society organizations (including Citizens’ Climate Lobby), wants to use carbon pricing as a way to control climate change. Canada, Alberta, Ontario, Quebec, British Columbia and the Northwest Territories became founding partners of the Carbon Pricing Leadership Coalition at the climate talks in Paris and committed to effective carbon pricing policies to meaningful lower emissions guided by the “FASTER” principles.

On July 15, 2016, 20 Canadian companies became members, the largest number of companies joining the CPLC at one time (3) :

Air Canada
Barrick Gold Corporation
BMO Financial Group
Canadian Tire Corporation
Carbon Engineering Ltd.
Catalyst Paper Corporation
Cement Association of Canada
Cenovus Energy Inc.
Desjardins Group
Enbridge Inc.
Loblaw Companies Limited
Resolute Forest Products Inc.
Royal Bank of Canada
Shell Canada
Suncor Energy
TD Bank Group
Teck Resources Limited
The Co-operators Group Limited
TransCanada Corporation
Unilever Canada Inc.