Justin Trudeau gives provinces until 2018 to adopt carbon price plan

October 9, 2016 by Billy Hamshaw

(Source: CBC) Prime Minister Justin Trudeau took provinces by surprise on Monday, announcing they have until 2018 to adopt a carbon pricing scheme, or the federal government will step in and impose a price for them. He told MPs in the House of Commons that provinces must implement a cap-and-trade system or put a direct price on carbon pollution that meets the federal benchmark or ‘floor price’, proposing a minimum start price of $10 a tonne and rising by $10 a year. Whatever model a province chooses, Trudeau said, it will be revenue neutral for the federal government, with any revenues generated under the system staying in the province or territory where they are generated. Read full article..