The implicit tax rate of $200 per tonne is quadruple the federal carbon tax ceiling.
Bill C-69 overhauled the entire environmental assessment of major projects and made the regulatory system more complex.
Canada has pledged to reduce emissions by 30 per cent by 2030.
Since the 1980s, ranges of projection were systematically too high.
The potential climatic warming effect of carbon dioxide was understood by the late-1800s.
In total, $150 billion has left Canada from 2014 to 2018.
The United States is the exception among developed countries.
The Ecofiscal Commission says carbon taxes must rise to $210 per tonne of greenhouse gas emissions.