Due to the higher tax, the province will lose an estimated 30,544 jobs by 2030.
Combined provincial, federal deficits will grow by about $22 billion annually due to carbon tax hike
A $170 carbon tax will also cost the average Canadian worker $1,800 in foregone income.
Climate targets are irrelevant when determining whether a carbon tax is good policy.
The Trudeau government’s plan includes a target of $170 per tonne.
Ottawa raised $2.6 billion in revenue while only $1.97 billion—or 76 per cent—was rebated to households.
The introduction of carbon-pricing should trigger the repeal of emissions-related regulations.