I'd be curious to know how Quebec is using Churchill Falls (or the proposed Gull Island) in their carbon tax pricing.
I've always found it weird that they were allowed to use it in their federal equalization formula, which excludes renewable resource revenue. Quebec quite literally pillages Newfoundland's Churchill Falls generation capacity, makes ENORMOUS profits off it, and doesn't have to include it in their equalization revenue calculations.
I'm assuming they would be somehow including it in their cap and trade or carbon tax calculations?
|