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Features. Carbon Control: Oh Canada! B.C. ratifies North America's first carbon tax
- Article from:
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Power
- Article date:
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August 1, 2008
- Author:
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Copyright informationCopyright TradeFair Group Publications Ltd Aug 2008. Provided by ProQuest LLC. (Hide copyright information)
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face=+Bold; British Columbia began collecting increased tax revenue on fossil fuels on July 1 with a promise to rebate those taxes through reduced income and business tax rates. This 'revenue recycling' plan makes little progress toward the province's goal to reduce COface=+Subscript; 2face=-Subscript; emissions 33% by 2020, yet it is hailed by proponents as a legislative milestone. Others believe B.C. residents are victims of another governmental 'bait and switch' program. Does it matter to the rest of the world?face=-Bold;
By Dr. Robert Peltier, PE
Virtually every American news organization, industry pundit, and blogger was preoccupied with the recent U.S. Senate debate of the ...