Recently, Alberta came forward with the notion of a carbon capture and sequestration program for their oil and gas sector, with the caveat that the public would be picking up some of the cost, if not perhaps all of the costs, for some billions of dollars. Under a plan like Bill C-377, what would the alternative suggestion be to capitalizing that type of project and reducing the amount of carbon? Is that a go, or is there something else available under our cap and trade program that exists right now to create the same mechanism perhaps of the cap and trade environment for the oil sands and for the oil sector in general?
On February 4th, 2008. See this statement in context.