Climate targets are irrelevant when determining whether a carbon tax is good policy.
The Trudeau government’s plan includes a target of $170 per tonne.
Ottawa raised $2.6 billion in revenue while only $1.97 billion—or 76 per cent—was rebated to households.
The implicit tax rate of $200 per tonne is quadruple the federal carbon tax ceiling.
The introduction of carbon-pricing should trigger the repeal of emissions-related regulations.
Investment in Canada’s oil and gas sector has declined by 35 per cent.