Smart Prosperity

#NouvelleApproche est
bonnepour l'environnement
et l'économie.

October 25, 2018


We are pleased to see that Canada is putting a price on carbon emissions, through a combination of federal, provincial and territorial policies. Most of the world’s major economies are now pricing carbon, because it is the most cost-effective way to reduce emissions and stimulate clean innovation. 

By starting slowly and ramping up over five years, the policy allows for a gradual adjustment to a lower carbon economy. Moreover, all revenues will stay in the province or territory they came from, offsetting costs while maintaining the incentive to reduce emissions. The policy also includes much-needed measures to address competitiveness, and support communities, sectors and Indigenous Peoples in making the low carbon transition; we look forward to hearing further details of that plan.

A carbon price is a foundational policy to reduce emissions and build a low carbon economy. It should be part of an overall approach that includes complementary climate and energy efficiency policies, transitional support for affected workers and communities, and measures to drive the innovation, infrastructure, skills and investment needed for Canada to compete and prosper as the global economy shifts to cleaner growth (as set out in recent reports from Canada’s Economic Strategy Tables, and the Expert Panel on Sustainable Finance). Further details on our recommended approach can be found at

We encourage all governments to work together with communities and businesses to ensure Canada meets its Paris climate commitment, and to build a cleaner, stronger economic future for all Canadians.


Signed by the following members of the Smart Prosperity Leaders Initiative

Meredith Adler, Executive Director, Student Energy

Dominic Barton, Senior Partner, McKinsey & Company

Ross Beaty, Chair, Pan American Silver Corp and Equinox Gold Corp.

Brent Bergeron, Executive Vice President, Corporate Affairs and Sustainability, Goldcorp

John Coyne, Vice President, Legal & External Affairs and General Counsel, Unilever Canada

Michael Crothers, President & Canada Country Chair, Shell Canada

Arlene Dickinson, CEO, Venture Communications

Stewart Elgie#, Professor of law & economics, University of Ottawa

David Hughes, President & CEO, The Natural Step Canada

Greg Kiessling, President, UpCapital Ltd.

Lorraine Mitchelmore#, Chair, National Economic Strategy Table, Resources of the Future

Ken Neumann, Canadian National Director, United Steelworkers

Merrell-Ann Phare, Founding Executive Director, Centre for Indigenous Environmental Resources

David Runnalls, Board President, Pembina Institute

Vicky Sharpe, Founding President & CEO, Sustainable Development Technology Canada

Jean Simard, President & CEO, Aluminium Association of Canada and co-founder, SWITCH

Marcia Smith, Senior Vice-President, Sustainability and External Affairs, Teck Resources

Merran Smith, Executive Director, Clean Energy Canada

Rick Smith, Executive Director, Broadbent Institute

John Stackhouse, Senior Vice President, Office of the CEO, RBC

Kirsten Tisdale, Managing Partner, Government and Public Sector, Ernst & Young Canada

Scott Vaughan, President & CEO, International Institute for Sustainable Development

Annette Verschuren#, Chair and CEO, NRStor; Former President, Home Depot Canada

Rob Wesseling, President & CEO, The Co-operators

#= Co-chair, Smart Prosperity Leaders Initiative


Please note that this is a personal statement of support by the leaders and may not reflect the views of everyone in their respective organizations












More info & resources on carbon pricing effectiveness & design >>


For more information, please contact: 

Jeremy Runnalls