Compliance payments from large industrial emitters to the Technology Innovation and Emissions Reduction Fund (TIER) jumped $216 million in 2022/23 relative to budget, to $637 million, with the rebound in economic activity, higher energy prices and industrial output, as well as decisions regarding offset credit usage versus compliance payments in light of the federal government’s future and ongoing carbon tax increases.
Canada’s most trusted and comprehensive source of oil and gas industry insight and intelligence.
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.