
Nova Scotia sets emissions reporting requirements for cap and trade regime
HALIFAX — Nova Scotia will require industrial facilities generating 50,000 tonnes or more of greenhouse gas emissions per year to report emissions under its proposed cap and trade regime, although key details such as the actual caps and their effect on consumers are yet to be released.
Environment Minister Iain Rankin said Friday that regulations are being developed that would make participation mandatory for about 20 large industrial emitters including Nova Scotia Power, Northern Pulp, Lafarge, and large oil and gasoline companies such as ExxonMobil, Imperial and Irving.
“The next round we will have our caps set in place,” said Rankin. “We have some discussions we have to do with Environment and Climate Change Canada to know exactly where those caps will be, but the important part of that is that they will be declining caps year over year.”
Officials said much of the larger entities’ emissions data is readily available because they already report to federal authorities.