TSX:TECK.A - Post by User
Comment by
lassapooghon Dec 10, 2016 11:30am
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Post# 25580217
RE:RE:Zero Reason For Sell off this Week
RE:RE:Zero Reason For Sell off this WeekHope you are correct however the long awaited Canada National carbon tax was announced yesterday in Ottawa. The PM and 13 Premiers ironed out a $10 per tonne of emmissions beginning in 2018 and rising every other year or so towards the 2030 goal. It will affect all oil production and mining operations. Wonder how the weight of CO2 is calculated?
Can't be good for future investment here especially when Trump believes as I do global warming may be happening but the causes are not humans. Earth has been evolving since it was created. Trump may scuttle the the Paris Accord and not burden the US with a national carbon tax.
On one hand Trudeau is gungho on emmissions and on the other he approves two pipelines from the oil sands. That's transporting future emmissions to other countries.
Someone here mentioned $30 was a reasonable exit point and so I excersized that a while ago.