The federal government is looking to "future proof" the carbon price against political decisions to cancel or lower it down the road.
That could include legislation to enshrine the carbon price and its upward trajectory into law. Or it could mean signing contracts with investors guaranteeing compensation if the carbon price doesn't go up as promised, negatively affecting their investment.
The promise is made in the new emissions reduction report tabled Tuesday by Environment Minister Steven Guilbeault, which says carbon pricing is the "cornerstone" of Canada's climate action plan.
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