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Article: British Columbia Budget 2008 Highlights.
- Article from:
- Mondaq Business Briefing
- Article date:
- February 27, 2008
CopyrightCOPYRIGHT 2008 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Focus on Climate Change
On February 19, 2008, British Columbia's Finance Minister, the Honourable Carole Taylor, presented the Government of British Columbia's 2008 Budget. The main theme of this year's Budget is "Turning to the Future, Meeting the Challenge" and the focus is on the "challenge" of climate change. The Budget allocates over $1 billion in climate change initiatives, coupled with targeted tax reductions meant to stimulate investment in the province. Most noteworthy is the proposed introduction of a new carbon tax as one method by which the Government hopes to cut British Columbia's 2007 greenhouse gas emissions levels by one-third by 2020.
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