On 3 October 2016, Canadian Prime Minister Justin Trudeau announced his government is planning to introduce a nationwide carbon tax starting in 2018. Under the plan, provinces and territories would need to levy at least CAD 10 per metric ton on carbon emissions or opt for a cap-and-trade system that can be shown to meet or exceed the federal benchmark for reduced emissions. If no carbon tax is implemented at the province/territory level, a CAD 10 per metric ton tax will be levied at the feder…