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Carbon Tax

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Post by Powergunner Fri 29 Mar 2019, 11:09 am

Everything you need to know about Canada's new carbon tax


The federal carbon tax comes into effect on April 1, but it will only affect four provinces. Ontario, Manitoba, New Brunswick and Saskatchewan. If you live in another province — congratulations — you’re already living under some kind of emissions reduction scheme that was approved by Environment Minister Catherine McKenna.




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Post by Powergunner Fri 29 Mar 2019, 11:21 am

Big 5: What do you need to know about carbon tax?

cpac
Published on Mar 26, 2019


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Post by Powergunner Fri 29 Mar 2019, 11:23 am

What you need to know about Canada's new carbon tax

National Post
Published on Jan 23, 2019



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Post by Powergunner Fri 29 Mar 2019, 11:25 am

"This isn't an April fool's joke": Scott Moe on carbon tax

CTV News
Published on Mar 27, 2019



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Post by Powergunner Fri 29 Mar 2019, 11:43 am

Scheer tells Manitobans: 'fill your tank'

Tories send mass text to residents ahead of Monday's federal carbon tax launch

By: Dylan Robertson
Posted: 03/28/2019

Carbon Tax NEP5680122






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Post by Powergunner Fri 29 Mar 2019, 11:47 am

March 29, 2019

Fill up your tanks Manitoba, carbon tax comes into effect April 1

The federal government's $20-per-tonne carbon tax kicks in on April 1 in four provinces, including Manitoba, Saskatchewan, Ontario and New Brunswick.






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Post by Powergunner Fri 29 Mar 2019, 11:51 am

Motor Mouth: April Fools, it’s carbon tax time

The Trudeau government is about to increase taxes on gasoline — and it’s likely all for nothing

March 29, 2019

Carbon Tax Gas-prices

With the SNC-Lavalin he said/she said still raging — the Prime Minister’s surrogates, in case you’ve missed it, are now whispering that Jody Wilson-Raybould’s dismissal was actually the result of a poor judicial selection more than a year ago — it’d be easy to miss the new Trudeauism that’s about to hit the books. As of April 1st — yes, April Fools’ day — there will be yet another tax levied on gasoline, this one differing from all the others only because the Liberals swear it’s going to reduce our dependence on fossil fuel and lessen Canada’s greenhouse gas emissions.

Now, never mind this new pollution pricing plan will do neither — more on that in a minute — in any other time, the implementation of such a carbon tax would have the entire nation in an uproar. After all, the energy hubbub — a combination of Hydro One and a provincial carbon tax — was enough to get a buffoon like Doug Ford elected.

And even if his “conservative” alternatives haven’t exactly succeeded in reversing all of Ontario Liberals’ excesses, the price of gasoline, especially the implementation of a new gasoline tax, would normally be election-dominating stuff. Instead, there’s a good chance that, thanks to the cacophony surrounding the Wilson-Raybould scandal, the be-socked one might actually be able to slip this one past us without creating a sh*tstorm. Were I a conspiracy theorist — actually, if I thought Justin Trudeau were capable of such Machiavellian cunning — I’d swear it was a plot.

Whatever the case, here are the highlights of the new carbon tax that is about to be implemented:

What happens April Fools’ day?
As of April 1, every tonne of carbon emissions from any fossil fuel will be taxed at $20 a tonne and will increase by $10 per year until 2022, when it peaks at $50 a tonne. More troubling, if the whispers out of Ottawa have any merit, a re-election of the Liberals — especially a majority re-election — might see that fee increased to as much as $300 a tonne.


What does that mean for gas prices?
Well, depending on the source of your estimate — I prefer to heed the counsel of former Liberal MP and current gas guru Dan McTeague — every $10 of carbon tax levied on crude raises the price of gas at the pump by about 2.2 cents. This means that, by Monday next week, we’ll be paying an extra 4.4 cents for every litre of gas. Next year, that will jump to an extra 6.6 cents a litre, eventually peaking at 11 cents in 2022. Worse yet, if Andrew Scheer’s doomsday $300/tonne prophecy comes true, sometime in the next 10 years we can expect to be paying some 60 cents more for our gasoline.

Who will pay?
For now, this new levy will only affect those in Ontario, Manitoba, Saskatchewan and New Brunswick — provinces that have, so far, resisted federal pressure to implement their own carbon-pricing scheme. Other provinces will be exempt because they have implemented their own carbon-reducing strategy. British Columbia, for instance, has had a carbon tax since 2008 — one of the reasons Vancouverites pay as much as $1.50 a litre, the highest of any major Canadian city — while Quebec and Nova Scotia use a cap-and-trade system to add about 5.5 and 4 cents a litre, respectively, to the price of their gas.


What is the difference between cap-and-trade and a straight-up carbon tax?
The theory behind the Liberal’s carbon levy is extremely simple: It’s a straight surcharge proportionate to consumption. A typical tax, in other words. And its intention is equally simple: Taxing any activity or product, in theory, discourages that product’s use or purchase. Think of it as the transportation equivalent of a sin tax.

A cap-and-trade system is a little more complicated. Essentially, the government sets a target — this being the ‘cap’ — for greenhouse gases based on current consumption and then issues permits specifying exactly how much carbon each producer can emit. If they produce more, they have to buy certificates — the ‘trade’ portion of the deal — from a company that emitted less than its quota. Environmentalists and economists like it because it sets a specific limit for CO2 emissions — usually decreasing every year. Emitters dislike it for the very same reason — it reduces the total market for their product annually.

What will be the effect of these carbon taxes?
By Liberal estimates, 2022’s $50/tonne levy should be enough to reduce greenhouse gas emissions by 60 million tonnes. That’s not enough to meet Paris Climate Agreement promises, but if attainable, it would be a significant improvement.

Why won’t the Liberals’ carbon tax work?
The problem for the Liberals is the need for political expediency, namely that any surcharge large enough to actually reduce our dependency on fossil fuel would almost assuredly mean their demise at the polls (stand up and take a bow, Kathleen Wynne). Hence, the gradual phase-in of the Liberal surcharge.

The problem with that gradualism is that while we do so love to complain about every two-cent-a-litre hike at the pump, we only actually change our behaviour in response to dramatic price increases. The first time gas rocketed past $1.25 a litre, we Canadians — even some of our American friends — traded in some of our gas-guzzling trucks for (comparatively) fuel-sipping crossovers. Today, what with the wildly fluctuating gas prices every week, it’d barely merit a bitch session over a double-double at Timmy’s.

Indeed, according to the Financial Post, for a carbon tax to have any meaningful effect, the United Nations Intergovernmental Panel on Climate Change recommends it would have to start at $135/tonne, or about 30 cents a litre. In other words, the Liberals’ incremental implementation will accomplish little. It’s just more Trudeau virtue signaling, a sop to Liberal loyalists before an election they’re now desperately close to losing.

The courage of their convictions
If we are to have an effective carbon tax — and yes, all you neo-cons, there are pros as well as cons to taxing the cost of greenhouse gases — then its implementation must be dramatic. Indeed, if this new burden is to be more than mere election ploy; if carbon pricing is truly to be effective in reducing the consumption of fossil fuels; if the Liberals really had the courage of their convictions, then they would immediately institute that UN-proposed 30-cent tax — maybe even more! — on every litre of gasoline. Such shock and awe would almost certainly have the desired effect of reducing consumption. And, besides being more effective, it would also give Canadians some clarity as to exactly what they are voting for come this October 21.





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Post by Replica Sun 31 Mar 2019, 8:33 pm

Gas expected to rise as federal carbon tax kicks in April 1



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Post by Replica Sun 31 Mar 2019, 8:53 pm

Drivers fuel up before gas price hike

CTV Barrie
Published Sunday, March 31, 2019



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Post by Looper Mon 01 Apr 2019, 8:35 am

New carbon tax starts for 4 provinces that fought the federal plan

The Canadian Press
Published Monday, April 1, 2019





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Post by Cooper Mon 01 Apr 2019, 12:40 pm

Gas price change ‘looking a lot bigger than it actually is’ April 1, 2019



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Post by Cooper Mon 01 Apr 2019, 12:43 pm

Federal carbon tax takes effect in Ont., Manitoba, Sask. and N.B. today

CBC News
Published on Apr 1, 2019



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Post by Lincoln Mon 01 Apr 2019, 8:00 pm

FORD SLAMS TRUDEAU: Ontario Premier sounds off on federal carbon tax

Toronto Sun
Published on Apr 1, 2019



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Post by Diesel Mon 01 Apr 2019, 9:48 pm

Power Play: Carbon tax will 'hurt'' economy
Alberta UPC Leader Jason Kenney speaks about the carbon tax and how it will impact residents, saying the tax is a cash grab.



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Post by Diesel Mon 01 Apr 2019, 9:49 pm

Power Play: Frustration about tax 'fair'
Former B.C. premier Christy Clark discusses the carbon tax and how it differs from B.C.'s own.



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