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CANADA TO IMPOSE FUEL TAX ON PROVINCES

05/22/2017

Canada announced that it planned to impose a cap on pollution in provinces that refuse to adopt a national price on carbon. Last December, Prime Minister Justin Trudeau reached a deal with 8 of the 10 provinces to introduce a carbon price to curb emissions of greenhouse gases, and threatened to impose it on holdout provinces. Thursday, the government proposed a tax on fossil fuels that would increase annually. Under Trudeau's plan, carbon pollution would cost $10 a ton in 2018, rising by $10 a year until it reaches $50 in 2022. For the full story, see http://uk.reuters.com/article/us-canada-environment-idUKKCN18E32T.