The carbon tax will cost Canadians an estimated 184,000 jobs.
According to the PBO, 60 per cent of households in Alberta, Ontario, Saskatchewan and Manitoba will pay more in carbon taxes than what they receive in rebates.
The prime minister has mandated the end of new vehicle sales that emit greenhouse gases by 2035.
Emitting greenhouse gases makes sense whenever the benefits exceed the costs including environmental costs.
The logic of the carbon tax is that it should be the only government incentive.
There’s scant evidence the carbon tax has helped reduce greenhouse gas emissions.
Canada plans to impose a punitive tax on carbon to discourage emissions, at $170 per tonne by 2030.
So-called “clean” energy sources will not be able to entirely replace fossil fuels in the near term.
The Trudeau government recently announced a federal grant of up $420 million to Algoma Steel.