TSX Group's Interim Co-CEO calls for national carbon market with full engagement of emitters

    CALGARY, March 13 /CNW/ - TSX Group Inc. Interim Co-CEO Rik Parkhill says
TSX Group believes that a national emissions market that allows the price of
carbon to vary with market conditions is the best solution for Canada. In a
speech to the Calgary Chamber of Commerce today, Mr. Parkhill said, "At TSX
Group we have, for a considerable time, looked at carbon trading as a market
mechanism which holds great promise in supporting the reduction of carbon
    He added that a national solution, rather than provincial initiatives, is
the preferred method to go. "A national market that is compatible over time
with the U.S. and Europe will make it easier to facilitate carbon reductions
by emitters at competitive transaction costs. Governments elsewhere are
moving, some quickly, some strongly, many reluctantly to get ahead of the
curve on this issue. Alberta, in fact, has been ahead of the curve in
recognizing the greenhouse issues raised by the development of the oil sands,
as well as coal."
    Mr. Parkhill believes the best approach for Canada is a market driven
solution including a transparent, liquid and trustworthy trading system with
the support of emitters. "I believe that the great opportunity lies in a
national system that allows every part of Canada to share both the burdens and
benefits of whatever we do on carbon emissions."
    Mr. Parkhill's remarks are available on tsx.com.

    About TSX Group Inc. (TSX-X)
    TSX Group operates Canada's two national stock exchanges, Toronto Stock
Exchange serving the senior equity market and TSX Venture Exchange serving the
public venture equity market, Natural Gas Exchange (NGX), a leading North
American exchange for the trading and clearing of natural gas and electricity
contracts and Shorcan Brokers Limited, the country's first fixed income
inter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading
provider of investor relations and related corporate communication services in
Canada. TSX Group is headquartered in Toronto and maintains offices in
Montreal, Calgary and Vancouver.

For further information:

For further information: Steve Kee, Director, Corporate Communications,
TSX Group Inc., Toronto Office, (416) 947-4682, Toll Free 1-888-873-8392,
Cellular (416) 358-3714, Vancouver Office (604) 602-6902, Calgary Office (403)
218-2892, steve.kee@tsx.com.

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