Governments heavily subsidize wind and solar power businesses who receive a 30 per cent investment tax credit.
carbon tax
In fact, a major obstacle to emission reductions in Canada is our tax burden.
The carbon tax increase will add an additional three cents per litre of gasoline at the pumps.
According to estimates, a $170 carbon tax would shrink Canada’s economy by 1.8 per cent and produce significant job losses.
The harmful impacts of the carbon tax are hitting Canadians in their wallets.
The federal government’s heating oil exemption has raised the ire of western provinces.
According to estimates, a $170-per tonne carbon tax will cause a permanent loss of nearly 185,000 jobs.
For some Albertan families, the cost of the new regulations could eclipse $2,260 annually.
According to estimates, the carbon tax will result in nearly 1,000 job losses in the province in 2030.