| Reducing B.C.'s Carbon Footprint through Taxes | 27 February 08 |
 B.C. Premier Campbell is putting a price on carbon pollution and leading the way to emission reductions despite inaction from Canada's federal government. British Columbia announced the first North American full-fledged carbon tax in their 2008 Budget. Environmental groups including the Climate Action Network, a coalition of more than 50 organizations across Canada, applaud Premier Campbell and encourage other provinces to follow suit. "We hope other premiers and finance ministers across Canada are watching B.C. closely," said Gaile Whelan Enns of Manitoba Wildlands. The Budget Speech announced a "revenue neutral" carbon tax to be applied to all fossil fuels in BC. Tax revenues are expected to be about $1.8 billion over the next three years. As of July 1, 2008 a $10 per tonne carbon tax will be placed on all carbon-based fuels, resulting in a 2.4 cent per liter tax at the pump. Higher prices will encourage cleaner options and all money collected will be returned to individuals and business through tax reductions elsewhere. View 2008 British Columbia Budget Speech (PDF) View February 20, 2008 Climate Action Network Canada release View February 19, 2008 David Suzuki Foundation release View February 26, 2008 Globe and Mail article View February 20, 2008 Globe and Mail article Sources: David Suzuki Foundation, Climate Action Network Canada, B.C. Government, Globe and Mail |
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