Capital Power CEO Brian Vaasjo expects more green energy investment  as a result of the steps being taken by Alberta’s New democrat government.

“Not only is it the right thing to do, it’s the right time to do it,” said Vaasjo.

The president of Shell Canada, a major oilsands miner, said the government’s announcement “is a clear signal that Alberta is committed to doing its part to address climate change.”

“At Shell Canada, we recognize that economic growth demands environmental leadership more than ever before,” said Lorraine Mitchelmore

The basic structure of the Specified Gas Emitters Regulation is staying intact for now, but the reduction targets and carbon price are being hiked starting next year.