The Climate Change Plan for Canada provides illustrative costs for cost increases in the price of crude oil. These figures are based on a particular set of assumptions about the design of the emission reduction system for large industrial emitters. Actual costs for sectors and for individual firms will depend on final design and a firm’s unique circumstances. The government is committed to clarifying the general approach in the early months of 2003 through continued discussions with industry, stakeholders, provinces and territories.
In the House of Commons on January 27th, 2003. See this statement in context.