
Environment Minister Steven Guilbeault announces “social cost on carbon.” Could this mean a $247/tonne carbon tax? Could it even hit $294/tonne?
Some more details in this Canadian Press story.
This is a big deal, and a huge threat to Saskatchewan and Alberta. In this Twitter video, Environment Minister Steven Guilbeault first provides the justification for why the carbon tax was originally $50, noting the government calculated the cost to be $54/tonne. Now he says they are implementing a “social cost of carbon,” and says it’s $247 per tonne. “ He calls it a “new tool the federal government is going to use on the fight against climate change.”
Is this the next threshold for the carbon tax? Sure sounds like it. Also sounds like justification for the proposed Clean Electricity Standard, to rid Canada of all coal and natural gas power generation. That’s a driving factor behind the Saskatchewan First Act. It also sounds like after the nine federal initiatives listed in the Drawing the Line White Paper, Clean Electricity Standard being No. 10, this is likely No. 11.
And have the provinces been consulted?