Mark Carney, a leading contender for the Liberal leadership, proposes a new climate plan that replaces the existing consumer carbon tax with financial incentives for green purchases and a carbon border-adjustment mechanism to counter competition from countries with lax environmental standards. Carney argues that the current carbon pricing regime is too divisive and that his plan will garner broader support. Conservative Leader Pierre Poilievre criticizes Carney's proposal as a 'tax trick' and warns of potential negative impacts on Canadian businesses.
OTTAWA — Liberal leadership contender Mark Carney is backing away from Prime Minister Justin Trudeau's consumer carbon pricing regime but will keep industrial pricing in place.
Carney said Friday he will introduce a measure to counter competition from large polluters based in nations with slack environmental standards through a new"carbon border-adjustment mechanism," following in the footsteps of the European Union. That policy would work like a tax or tariff on imports from countries with environmental policies the federal government considers to be substandard.
There is no federal U.S. carbon price but some individual states, such as California, have adopted their own. Rival candidate Chrystia Freeland, who came out against the consumer carbon price weeks ago, slammed Carney for the timing of his announcement.
CARBON TAX CLIMATE POLICY MARK CARNEY PIERRE POILIEVRE CANADA
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