Former Bank of Canada governor Carney questions carbon price break on home heating oil

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Former Bank of Canada governor Carney questions carbon price break on home heating oil
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Canada 2020 Advisory Board Chair, and former Governor of the Bank of Canada and Bank of England, Mark Carney speaks during the Canada 2020 Net-Zero Leadership Summit in Ottawa on Wednesday, April 19, 2023.

Mark Carney pressed for Canada to stick with predictable climate policy on Tuesday, as he questioned the federal government's move to lift the carbon price on home heating oil.Former governor of the Bank of Canada and Bank of England, Mark Carney, speaks during the Canada 2020 Net-Zero Leadership Summit in Ottawa in April.

"Many Canadians are struggling. They're struggling not because of the carbon tax, which gets rebated, they're struggling because of broad increases in energy prices and food prices, the impact on wages ... the lingering effects of COVID as well," Carney said during a question-and-answer session after delivering remarks at Tuesday's conference.

The Liberals have so far rebuffed calls from some provincial leaders and the Conservatives to extend carbon price relief to other forms of home heating.

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