By Canadian Press

Tax credits, penalizing big polluters, key to Conservative climate plan

Jun 19, 2019 | 10:19 AM

OTTAWA — Conservative Leader Andrew Scheer wants to give corporate tax breaks to companies that develop and patent green technology in Canada and introduce another federal tax credit for residential energy-efficiency projects.

Scheer is unveiling his long-awaited climate plan later today in a speech in Gatineau, Que.

It is the last of five big policy pronouncements he is making this spring in the lead-up to the fall election campaign.

A party official says the Conservatives intend to scrap the federal carbon tax but keep a price on pollution for heavy industrial emitters.

However their plan won’t tax emissions from major polluters, but will require them to invest in clean technology as a penalty for exceeding emissions limits.

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Scheer intends to use his plan to reduce emissions in line with Canada’s targets under the Paris Agreement on climate change, but the Conservatives have been hinting that their plan will include taking credit when Canadian products reduce emissions overseas.

The Canadian Press