Carbon incentives would help Keystone bid, Canada's Liberal Party leader says

|By:, SA News Editor

Liberal Party leader Justin Trudeau says he would boost Canada’s case for approval of the Keystone XL pipeline (TRP -0.2%) by introducing financial incentives to curb greenhouse-gas emissions in the oil and gas industry.

Canada should establish a price for carbon emissions to show it is addressing climate change and to give Pres. Obama political cover to approve the pipeline, Trudeau says.

Trudeau’s call to action contrasts with Prime Minister Harper’s position that he won’t regulate oil and gas emissions without similar U.S. measures because it would put Canadian producers at a competitive disadvantage.