According to Chris Ragan, “When you look at the emissions that come from a barrel of oil, roughly 80% of the emissions come from the consumption of the oil (when it is burned to produce energy), and 20% comes from the production of the oil”. An effective carbon pricing policy should focus on the consumption of the oil. Carbon pricing would reduce cash flow in the oil and gas sector, and to the provincial government. Chris Ragan speaks about Dr. Andrew Leach’s (University of Alberta) analysis of the effect of a $30 per tonne tax on the oil and gas sector.

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