Moody’s: Alberta’s emissions program will preserve industrial sector credit quality – Mining.com

Moody’s: Alberta’s emissions program will preserve industrial sector credit quality – Mining.com

by ahnationtalk on November 26, 2015356 Views

November 24, 2015

The Province of Alberta’s (Aaa, stable) long-term emissions strategy will limit the credit impact on oil and gas, power and provincial industrial sectors, says Moody’s Investors Service.

The carbon tax increase will have minimal effect on oil sands development, as growth in that sector has largely halted owing to low oil prices. Although the plan will cap total greenhouse gas emissions at 100 megatonnes per year for oil sands, that target will not be reached for some time.

Moody’s also notes that although the strategy will completely phase out coal emissions in Alberta by 2030, the timeframe provides power operators the opportunity to transition away from coal toward renewable fuel sources that the government expects will replace roughly two-thirds of lost coal production.

Read More: http://www.mining.com/web/moodys-albertas-emissions-program-will-preserve-industrial-sector-credit-quality/

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