Expect more “tweaks” to come for Prime Minister Justin Trudeau’s carbon price backstop with the 2019 election fast approaching.
Bill C-69 would completely overhaul how major energy projects are reviewed by government in Canada.
According to the PBO, provincial cooperation with the federal carbon floor may reduce the size of Canada's economy by 0.5 per cent in 2020.
PBO report contradicts Trudeau government claims.
Since 2015, the Alberta government has increased corporate income taxes, implemented a carbon tax, and introduced more environmental regulations.
It seems that governments in Canada have no intention of getting carbon pricing right.
Governments use carbon tax revenues to advance their political agendas.
The introduction of a carbon price must replace, not be in addition to, existing regulations.
Jane Fonda accused Prime Minister Trudeau of having “betrayed” his commitments in the Paris climate agreement.