Why US cap-and-trade legislation could be good for Canadian business - Macleans.ca
 

Why US cap-and-trade legislation could be good for Canadian business


 

…Or at least better than the alternative.

Right now the fate of cap-and-trade legislation is looking pretty dicey in Washington. When and if Congress passes health care reform, there may be little appetite left among Democrats for a big controversial bill ahead of the mid-term elections in November. Many observers expect that a general energy bill will pass while climate change legislation will be kicked down the road to an even more uncertain future.

Today, Jayson Myers, president of the Canadian Manufacturers and Exporters, wrapped up four days of meetings in here in Washington, DC with administration officials, congressional staffers, and business associations. He says he came away concerned about what might happen if climate change legislation does not pass. Namely, aggressive unilateral carbon regulation by Obama’s Environmental Protection Agency, and a complex patchwork of regulations emanating from state governments, all of which could hit Canadian energy and energy-intensive manufactured exports.

What he heard was, “The EPA would take a more aggressive regulatory stance — but no one knows what that would mean.” Add to that various regulations or taxes coming from the states, and compliance costs to Canadian businesses would become more expensive and complicated, he feared.

“A federal approach to this is preferable for us,” said Myers, emphasizing the need for a coordinated US-Canada approach with a mutually recognized framework and principles.


 
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Why US cap-and-trade legislation could be good for Canadian business

  1. "emphasizing the need for a coordinated US-Canada approach with a mutually recognized framework and principles."

    Does Myers also believe in unicorns?

    Anyone who paid attention to Congress putting together their health bill can' t be filled with confidence that complex cap/trade legislation will work as advertised. House of Rep have already passed cap n trade leg that was awfully generous to Dem clients, I guess Myers wants to be part of the gravy train.

  2. Good to see you back blogging!

  3. Looks like Obama's administration is paying more attention of environmental/climate changes in compare to others.
    I hope this is real.

  4. canada has kept a provincial idea of global trade that is dysfunctional and will erode its national economy over the next several years.