A $170 carbon tax will also cost the average Canadian worker $1,800 in foregone income.
climate action plan
Combined provincial, federal deficits will grow by about $22 billion annually due to carbon tax hike
Ottawa raised $2.6 billion in revenue while only $1.97 billion—or 76 per cent—was rebated to households.
Ottawa expects firms to commit to things they can’t possibly predict.
According to Ottawa's new rules, energy and transportation projects must show “net-zero” emissions by 2050.
The potential climatic warming effect of carbon dioxide was understood by the late-1800s.
Meanwhile, countries with state-owned oil and gas companies such as Venezuela and Mexico will have another way to access capital.
The economic cost of limiting global warming to 2 degrees Celsius would probably exceed the benefits.
Only an estimated 90 per cent of new revenue from the federal carbon tax will be returned to taxpayers.
During a warming trend, land warms faster than the oceans.