Price on Pollution
Nov. 9, 2018

Price on Pollution

Governments around the world are putting a price on pollution to force industry to reduce emissions. They are also using highly efficient data gathering equipment (satellite & sensors) that can track emissions, as well as climate changes.

A carbon tax has been introduced as a part of a package of environmental and health impacts from fossil fuel use. At the One Planet Summit in December 2017 leaders of governments, businesses and international organizations came together to discuss approaches to support and accelerate global efforts to fight climate change. 88 Parties have expressed that they are planning or considering the use of carbon pricing as a tool to meet their commitments. To date, 25 emissions trading systems and 26 carbon taxes have been implemented or are scheduled for implementation on an international level. Government of Canada fights climate change with tax on pollution. As Rachel Notley, Premier of Alberta, said “We’re going to reduce pollution by putting price on it”. The Prime Minister, Justin Trudeau, announced that there will be a federal system set up in Ontario, Manitoba, New Brunswick, and Saskatchewan in 2019. This global trend will help to accelerate action needed to alleviate emissions.

This is a good opportunity for the transition to a low-carbon economy.  INFRA’s Gas-To-Liquid technology produces environmentally friendly high-quality synthetic product with no heavy waxes, easily upgradable to transportation fuel. Further, our GTL facility is self-sufficient in water, electricity and has a very low carbon footprint compared to other refineries.