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Canadian opposition, oil CEOs call for scrapping federal carbon price system

Summary by Reuters
The future of Canada's six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of the high-profile Pathways Alliance carbon capture project in doubt.

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CTV News broke the news in Canada on Friday, March 21, 2025.
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