In a climate-policy retreat over the treatment of coal, federal Liberals are proposing to loosen emission standards for power plants that burn the fuel, effectively lowering carbon taxes on each tonne of greenhouse gas released from coal-burning stations, like NB Power's Belledune, next year to less than $1.
That could mean significant benefits for New Brunswick consumers, eliminating the need for power rate increases to pay for carbon taxes.
But it also undermines federal claims made as recently as last week that major greenhouse gas polluters, like Belledune, would pay the most under Canada's new carbon pricing scheme.
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