"Canada To Soften Carbon Tax As Firms Fret About U.S. Competition"

"OTTAWA - Canada will soften the impact of a planned carbon tax on major emitters of greenhouse gases after businesses complained it would make them less competitive with the United States, officials said on Wednesday.

The move underlines the challenges facing Canada as it tries to deal with Washington under U.S. President Donald Trump, who has slashed domestic corporate taxes and imposed tariffs on Canadian steel and aluminum.

The Liberal government of Prime Minister Justin Trudeau - which took power in 2015 vowing to tackle climate change - had initially proposed a levy on 30 percent of industries’ emissions in any of Canada’s 10 provinces that did not introduce their own carbon pricing systems."

David Ljunggren reports for Reuters August 1, 2018.

Source: Reuters, 08/02/2018