With the House of Commons expected to return Jan. 25, Canada’s National Observer is profiling environment-focused bills making their way through Parliament. Yesterday, we looked at five bills, and today, we look at four more.
Two Conservative MPs are sponsoring bills that would put in place new tax credits for corporations closing oil or gas wells or capturing carbon pollution.
Meanwhile, an NDP MP wants to see a national strategy on fresh water, while a Liberal MP wants another national strategy to redress environmental racism.
Both Tory bills would amend the Income Tax Act to add new language to the rules for corporations, setting out how a company can qualify to receive the new credits and how those credits are calculated.