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Tax credits, penalizing big polluters, key to Conservative climate plan

Last Updated Jun 19, 2019 at 3:14 pm PDT

Conservative Leader Andrew Scheer reacts to Prime Minister Justin Trudeau's announcement regarding the government's decision on the Trans Mountain Expansion Project in Ottawa on Tuesday, June 18, 2019. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA – Conservative Leader Andrew Scheer wants to give corporate tax breaks to companies that develop and patent green technology in Canada and introduce another federal tax credit for residential energy-efficiency projects.

Scheer is unveiling his long-awaited climate plan later today in a speech in Gatineau, Que.

It is the last of five big policy pronouncements he is making this spring in the lead-up to the fall election campaign.

A party official says the Conservatives intend to scrap the federal carbon tax but keep a price on pollution for heavy industrial emitters.

However their plan won’t tax emissions from major polluters, but will require them to invest in clean technology as a penalty for exceeding emissions limits.

“The fact is, Canada will not make a meaningful contribution to fighting climate change by focusing only on our own emissions. We must look beyond our borders,” says Sheer.

Scheer intends to use his plan to reduce emissions in line with Canada’s targets under the Paris Agreement on climate change, but the Conservatives have been hinting that their plan will include taking credit when Canadian products reduce emissions overseas.

 

– With files from Bruce Claggett