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UPDATE 1-Crude-producer Alberta unveils rules for large carbon emitters

UPDATE 1-Crude-producer Alberta unveils rules for large carbon emitters
From Reuters - December 6, 2017

(Reuters) - Canadas main crude-producing province Alberta unveiled new rules on Wednesday on how it would charge large industrial emitters including the oil sands sector for carbon output, saying emissions will be cut by 19 percent by 2030.

The left-leaning New Democratic Party government said the plan had been designed in consultation with industry, but the opposition United Conservative Party said it could cost jobs in a province that is still adjusting to the long-term slump in global oil prices.

Environment Minister Shannon Phillips said the regulations will reduce Albertas emissions by 20 million tonnes by 2020 and 50 million tonnes by the end of the next decade.

The Carbon Competitiveness Incentives (CCI) plan applies to any facility emitting more than 100,000 tonnes of carbon a year, of which there are 110 in Alberta. The oil sands make up 24 percent of Albertas total emissions.

The government did not disclose names of the biggest emitters.

The fact is that investors are demanding credible climate action, Phillips said. This whole policy is designed around protection of jobs and ensuring that companies remain competitive.

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