The Liberals' carbon tax is not a major contributor to reducing industrial greenhouse gas emissions
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While Conservative Leader Pierre Poilievre is calling for an “axe the tax” election this year, the Liberals’ carbon tax is merely the tip of the iceberg when it comes to the added costs imposed on Canadians by current federal climate change policies – many of which are inefficient, counterproductive and illogical.
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In reality, Prime Minister Justin Trudeau’s carbon tax – meaning in this context the federal fuel charge on 22 different forms of fossil fuel energy, including gasoline and natural gas – is not a major contributor to reducing industrial greenhouse gas emissions.
The fuel charge will increase by 18.75% to $95 per tonne of emissions on April 1, up from $80 per tonne, on its way to $170 per tonne in 2030. That will raise the cost of gasoline alone by 20.91 cents per litre compared to 2019 when it was first imposed, on its way to 37.43 cents per litre in 2030.
But its impact on emissions is relatively small, with the Trudeau government itself acknowledging last year in response to Conservative questioning that it “does not measure the annual amount of emissions that are directly reduced by federal carbon pricing.”
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