Carbon tax here to stay: Alberta energy minister

Ronald Liepert, minister of energy for the province of Alberta in Canada, said at an event in New York on Tuesday that the province would not adjust its current method for limiting greenhouse gas (GHG) emissions in the foreseeable future.

The province requires emitters of more than 100,000 tonnes of GHGs per year to meet mandatory reduction targets. Those that cannot must purchase offsets or pay a penalty of $15 per tonne, which is placed in a clean energy fund that is currently worth $257 milli