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Canada Should Mimic Manchin Climate Support Bill, Enbridge Says

Sept. 21, 2022, 7:44 PM

Canada should follow the example set by the Inflation Reduction Act, which motivates US energy companies to adopt carbon-reduction technology with generous credits rather than emissions caps, according to an Enbridge executive.

The legislation passed last month offers nearly $370 billion to address climate change with grants and tax credits for more renewable fuel and power development. Long sought by the Biden administration, the law passed last month after West Virginia’s holdout Democrat Senator Joe Manchin brokered a compromise that made it more palatable to the oil industry by tying renewable projects on federal land and water to more drilling ...