02 December 2009 16:10 [Source: ICIS news]
TORONTO (ICIS news)--Canada cannot meet its climate change targets but should rather seek to work closely with the US to manage greenhouse gas emissions in North America, Canadian chemicals producers said on Wednesday.
“We need to design our system to be comparable to the ?xml:namespace>
Canadian products sold into the
The group said it opposed legislation under debate in
Doing so would force
In doing so,
Rather, a Canadian cap on those sectors should be comparable or slightly less than a
“It’s a question of striking the right balance, once we know where the
As further measures to help reduce greenhouse gas emissions, CCPA called on the government to improve and extend measures providing for accelerated capital cost allowance for new capital investments.
There was a clear link between new capital investments and companies’ improved environmental performance on greenhouse gas emissions and pollutants generally, it said.
Also, the government should set up a technology fund to support emissions reductions, it said.
CCPA believes that investment in technology would be the key to resolving the climate change challenge, it said.
A high-profile study published in October found that
($1 = C$1.04)
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