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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|