For years, the Trudeau Liberals ignored those concerns, saying the carbon tax was necessary to deal with ‘global emissions,’ (total BS), and that it wouldn’t hurt the economy at all. In fact, Catherine McKenna has repeatedly said the carbon tax and the Liberals ‘environmental’ policies would help the economy and boost growth.
But now, the Trudeau Liberals have admitted that the carbon tax will hurt Canada’s economy.
They didn’t say that of course, but the recent announcement that they’re setting a lower carbon tax price is a clear admission of how damaging the tax is.
As noted in a recent report, “The Liberal government is curtailing its plan to price carbon pollution after hearing concerns from Canadian industry officials about how the tax would impact competitiveness. As the Globe and Mail first reported Wednesday morning, Environment and Climate Change Canada plans to release new guidelines that lower the percentage of emissions some polluters will have to pay the carbon tax on. Back in January, Environment Minister Catherine McKenna set the benchmark at 70 per cent of an industry’s average emissions performance, meaning companies would have to pay a tax on 30 per cent of their emissions.”
Now, the tax will apply to between 10% and 20% of emissions.
Notably however, the per-tonne cost remains the same.
The move comes as Canadians turn against the carbon tax, with Ontario and Saskatchewan fighting it in court, Manitoba introducing a carbon tax that the government rejects as too weak, PEI fighting against it, New Brunswick introducing a plan McKenna opposed, and Alberta likely to elect a Conservative government in 2019 that will scrap the provincial carbon tax.