British Columbia is boosting its controversial carbon tax by $5 a tonne on July 1, further driving up the price of gasoline and other petroleum products as the province attempts to cut greenhouse gas emissions by 33 per cent below 2007 levels by 2020.
Environment groups have applauded the province’s carbon levy, which was offset by cuts to personal and corporate income taxes when it was introduced four years ago. The carbon tax has contributed to a 15 per cent drop in British Columbians’ use of petroleum-based fuels since it was introduced in 2008, said an Ottawa-based think tank, Sustainable Prosperity, in a report issued Wednesday.
At the same time the carbon tax on natural gas increasing from $1.2415 to $1.4898 per gigajoule. This constitutes 20% increase. Time to go green !
No comments:
Post a Comment