A study by the University of Waterloo suggests that Canada’s carbon pricing scheme is creating large financial risks, especially for the resource sector.
The study, titled Carbon Costs and Credit Risk in a Resource-Based Economy: Carbon Cost Impact on the Z-Score of Canadian TSX 260 Companies and recently published in the Journal of Management and Sustainability, warns of “grave uncertainty” facing the Canadian economy as federally mandated carbon levies ramp up to $170 per tonne by 2030.
