NEWS
06/25/2015 15:16 EDT | Updated 06/25/2016 01:12 EDT

Shell Canada boss welcomes Alberta's toughened-up carbon emissions rules

CALGARY - A major oilsands miner is welcoming the Alberta government's tougher rules for large carbon emitters.Lorraine Mitchelmore, president of Shell Canada, says her company recognizes economic growth demands environmental leadership more than ever before.Alberta aims to reduce emissions intensity from large emitters by 20 per cent in 2017, up from it current target of 12 per cent.Meanwhile, the price on carbon emissions that exceed the threshold is set to rise to $30 a tonne in 2017 from the current level of $15 a tonne.Mitchelmore says Shell looks forward to taking part in consultations on the issue in the coming months before an expert panel to be led by University of Alberta economist Andrew Leach.Environment Minister Shannon Phillips says the climate policy panel will be held in lockstep with another panel that is looking into oil and gas royalties.