On April 14, the Alberta Government announced Budget 2016,
The Alberta Jobs Plan. The budget includes the Climate Leadership Plan (CLP), an economy-wide strategy for reducing greenhouse gas emissions. The CLP imposes a price on carbon emissions, implemented through a carbon levy that will act as the key tool to pay for a greener, more diversified economy. It will be included in the price of all fuels that produce GHG emissions when combusted. These include transportation and heating fuels such as diesel, gasoline, natural gas and propane.
In addition, the Petrochemical Diversification Program (PDP) will encourage investment in Alberta’s petrochemical industry and add value to Alberta’s energy products. The PDP includes up to $500 million in royalty credits for petrochemical projects, specifically methane and propane upgrading facilities.
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