Once again, war in the Middle East is destabilizing global energy markets, increasing energy costs (including at the pumps) and threatening Canada’s already fragile economy.

Yet at a moment when policymakers should do everything possible to unlock Canada’s economic potential, the Carney government is doubling down on the Trudeau-era industrial carbon tax, which further raises energy costs, dampens investment and job growth — and all for negligible environmental benefits.

OPINION: Carney should recognize the damage and scrap industrial carbon tax Back to video

The industrial carbon tax sets an emissions limit for large facilities, including oilsands operations and refineries. If facilities exceed their limit, they must either pay a fee to the government or buy credits from firms that emit less than their allowed amount. In either case, they face higher costs.

This year, the Carney government increased the tax to $110 per tonne of CO2........

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