North America’s First Second Carbon Tax Implemented – Guess Where.

California? Nope, BC! I wasn’t even aware BC was seriously considering implementing a carbon tax.

This from the globe:

The new tax will be tempered with matching income-tax cuts plus what is likely the province’s largest-ever dividend to taxpayers.

“We promised you green and today we delivered green,” said Finance Minister Carole Taylor, who presented the changes as a way of encouraging environmentally friendly choices through a carrot-and-stick system. “If you start to change your lifestyle even modestly … you will have extra dollars in your pocket,” she said.

The $37.7-billion budget boosts program spending, increases the debt and forecasts the slowest economic growth for the province since 2001. The economy and debt were not top of mind for Ms. Taylor, who stuck to a green theme in everything from the budget cover to her outfit.

Not everyone is happy…

The opposition New Democratic Party said the budget does too much for business at the expense of working families.

“It’s a great day for banks and big polluters. Banks got a huge tax break and polluters don’t have to pay the carbon tax,” NDP finance critic Bruce Ralston said. The budget states that industrial emissions from the production of oil, gas, cement and other sectors will not be subject to the tax initially.

“But it asks consumers to spend money they don’t have to fight climate change,” Mr. Ralston said.

Related Topics

terryman

Dave Semeniuk spends hours locked up in his office, thinking about the role the oceans play in controlling global climate, and unique ways of studying it. He'd also like to shamelessly plug his art practice: davidsemeniuk.com

2 Responses to “North America’s First Second Carbon Tax Implemented – Guess Where.”

  1. Martin Twigg

    Actually, BC is the second province in Canada to adopt a carbon tax, not the first, as Quebec already did so last year. Their tax didn’t gain nearly as much attention, however, as it is comparatively minor. Also, the Quebec government asked companies not to pass the costs from the tax on to consumers, which sort of defeats a major purpose of a carbon tax — namely modifying consumer spending habits.

    http://www.cbc.ca/canada/montreal/story/2007/06/07/carbon-tax.html

Leave a Reply

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS

This site uses Akismet to reduce spam. Learn how your comment data is processed.