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Canada’s Energy and Climate Ambitions

Columbia Energy Exchange

NOTE

The Impact of Carbon Tax on Oil Prices and Heat Pump Adoption

A carbon tax may not be the tipping point for high oil prices, but subsidies could increase the uptake of heat pumps. Canada aims to eliminate home-heating oil in three years. Details of capping oil and gas emissions are not clear yet. Cutting production and capping are not necessarily the same.

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