Ottawa has layered its carbon tax on top of many existing supports for other forms of energy.
carbon emissions
Canada’s contribution of greenhouse gases comprises only 1.6 per cent of global emissions.
Chevron and Occidental are investing in an air capture facility in British Columbia.
Governments could facilitate the use of natural gas to replace diesel fuel and gasoline.
Handouts are far costlier than emission tax revenues to fund reductions in other tax rates.
The Trudeau government plan relies on rebates to households instead of reductions in tax rates.
Despite the new IPCC report, reality suggests we have plenty of time to manage climate change.
Conventional energy can be made “clean” with existing technologies, even coal power plants.
The top personal income tax rate now exceeds 50 per cent in seven provinces.
Expect more “tweaks” to come for Prime Minister Justin Trudeau’s carbon price backstop with the 2019 election fast approaching.