A group of Canadian CEO’s are calling on the federal government to get serious on climate change.
An open letter made public this morning to Prime Minister Justin Trudeau and all premiers urges them to move forward with collective climate action.
“Canada has a history of taking far-sighted policy actions to capitalize on the opportunities created by global economic change,” they write. “The time is right for the same kind of bold leadership.”
Included in the desired action on climate change is to put a price on carbon emissions, “the most cost-effective way to reduce emissions, stimulate innovation and drive energy efficiency,” they wrote in their two-page letter.
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The open letter comes in advance of a meeting next month in Ottawa where the Trudeau Liberals hope to finalize a pan-Canadian plan with all the provinces and territories.
The letter was put together in September, before Donald Trump won the U.S. election, signalling a possible change for the United States on the issue. Trump, who previously said climate change was a hoax put forward by the Chinese, has since backed off that stance.
The letter is signed by over 60 CEO’s and Canadian corporate executives whose companies together employ over one million people and have revenues exceeding $300 billion annually.
More and more countries are starting to put a price on carbon. Seven of the world’s 10 largest economies have priced emissions of carbon dioxide in some fashion, according to the World Bank. That list will soon include China, which is set to bring in a cap and trade system next year.
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(photo credit Hero Images)