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Article content At its current level of emissions, the company would be paying $615 million in carbon taxes, or more than 11 times the $54 million the company paid the city in dividends last year, said the group. “Even though Enmax has mostly transitioned from coal to natural gas, they would still be pretty sensitive to carbon pricing,” said Tremblay. Article content In an emailed statement, an Enmax spokesperson said “we are unclear on the basis used for their data or projections.” In the fourth quarter of 2020, TransAlta Corp. recorded a $167-million loss attributed largely to depreciation and its transition from coal to natural gas, the latter 50 to 60 per cent cleaner.

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