Having previously changed the consumer carbon tax rate to zero, the Carney government appears to be moving to eliminate it altogether. But don’t get out the champagne just yet. The industrial carbon tax remains, and Carney’s being cagey about what might happen to it.
In March Carney used a regulation to set the price of the consumer carbon price to zero. However the government is now moving to repeal the law which enabled the policy, effectively ending it for good — along with the rebate Canadians received from it.
The pricing system for industry accounted for about 80 per cent of total emissions cuts from carbon pricing overall.
Carney has promised to strengthen the industrial policy but has not said how or when that will happen.
That’s so he can go “Da eeeevil corporations are fleecing the consumers!!!”
How DARE those BIG corporations pass their COSTS on to the consumer of their products! How DARE they!?
Valid, Kenji!
Also a manufacturer’s carbon tax has a detrimental effect on exports, because the exporting manufacturers will have to increase their prices, which will diminish their export sales. All countries will still either manufacture their own stuff or buy manufactured goods from some other country. The world’s carbon dioxide emissions (which don’t matter anyway) will not decrease and may increase. However, our pinko Eastern Canadian Liberal government will take credit for having reduced part of Canadian emissions while causing downward pressure on the Canadian economy with no contribution to world emission reductions. (not that I give a rat’s ass about CO2 emissions in the first place).
The short version is that because this one is hidden, it will rise to double what the consumer tax will be.
He can’t. That will simply increase the rate of corporations abandoning Canadian manufacturing operations to go elsewhere. The outflow of Canadian capital to destinations outside Canada is, aside from the huge national deficit, the number one economic problem of the federal government. Canada has become the last place in the modern world that anyone would invest new plant and equipment.
cgh: “Canada has become the last place in the modern world that anyone would invest new plant and equipment.”
And you think the government of Canada actually cares about this?
From the outside (U.S.) looking in, my impression is that the Canadian government believes that the government is the source of wealth and Adam Smith was a nutter. The only usefulness of the serfs is their votes to keep the GEBs** in power and as a source of OPM (Other People’s Money) to fill the treasury, which can then be looted.
**Globalist or Greedy or Government Evil Bastards, pick any or all of the ‘G’s that fit.
He’s got s lot on his plate:
CRA layoffs
TD layoffs
HBC layoffs
NS Premier in France talking with Michelin about Bridgewatrr tire plant (75% product go to US).
Canada Post
Via Rail
Can’t wait for “da budget”
Annual trip to Banff and Jasper from Montana right now
Kananaskis full of weird security goings on – Golf Club is open but other ares closed down tight- Military trucks everywhere and sound of fighter jets flying very low
All for G7 meeting at Kananaskis Village next month where not much will be done
Jasper has 100 or so temporary structures but town not too bad – the area of forest damage is enormous and starts a good 25 km South of town on ice fields parkway -Medicine Lake road hard hit but homes on Edith Lake only two lost – talked to owners of one of them – very ugly sight sorry to say
So sad – Park Service should have cleaned up pine Beetle damaged forests but did nothing – just immense amount of dry fuel from what I was told – Maligne Lake untouched thank goodness
Alberta is blessed with beauty
Valid, Kenji!
Also a manufacturer’s carbon tax has a detrimental effect on exports, because the export ing manufacturers will have to increase their prices, which will diminish their export sales. All countries will still either manufacture their own stuff or buy manufactured goods from some other country. The world’s carbon dioxide emissions (which don’t matter anyway) will not decrease and may increase. However, our pinko Eastern Canadian government will take credit fore reducing part of Canadian emissions while causing downward pressure on the Canadian economy with no contribution to world emission reductions. (not that I give a rat’s ass about CO2 emissions in the first place).
So those two million square Km of frigging trees sucking up CO2 isn’t factored into our carbon footprint, eh? Of course, mismanagement of forest by the ex-environment minister caused massive forest fires that wiped out any “gains” made in reducing carbon through punitive taxation…
I am still concerned with the conversion of 13-economies-into-one promise. Gee… I wonder who will manage that one economy, and what do you think Alberta is going to do when the feds take away Alberta’s ability to manage it’s own economic affairs?
Ya know… when he said that, it had that certain, authoritarian ring to it, dontcha think?