Carbon pricing is important, but so is stable and predictable regulation

Statement by Goldy Hyder, President and CEO, Business Council of Canada, following today’s Supreme Court ruling on carbon pricing:  

“Canada’s business leaders long ago recognized the need to reduce greenhouse gas (GHG) emissions. That is why our organization supported carbon pricing well over a decade ago.

“Carbon pricing represents a market-based approach to reducing emissions. But carbon pricing alone is not the answer. To prepare for the future, businesses require a stable and predictable regulatory regime that allows them to attract the capital they need to invest in innovative technology and climate solutions.

“Canadian businesses will continue to show leadership by investing billions toward the goal of ensuring Canada’s economic and environmental success.”