When asked if the government was considering a support fund for extractive industries or other businesses poised to be hit hard by the new carbon price, Environment Minister Catherine McKenna said it was not, and instead noted that all revenue generated from the price will be returned to the 'jurisdiction of origin.'
Environment Minister Catherine McKenna says Canada’s approach to carbon pricing is 'designed to address competitiveness considerations,' and is 'informed by the principles that price increases should occur in a predictable and gradual way to limit economic impacts.'
The Hill Times photograph by Andrew Meade
It has been one of the most pressing priorities for the Liberal government since assuming power in November 2015.
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'We are dealing with an administration that is both very unpredictable, very much America first, [and] not long-term thinking in terms of its relationship with its allies,' says former diplomat Michael Kergin.