We have a carbon tax — now what? That’s what worries a lot of people who wonder how high a price should be paid for a point of principle
The carbon tax that took effect in four provinces a week ago is a much-needed achievement for the federal Liberals. Whether it proves anything more than ephemeral remains to be seen.
According to the IEA, “global energy consumption was up 2.3 per cent in 2018, roughly double the average annual growth rate since 2010.” As the IEA pointed out, “in the United States, natural gas demand spiked 10 per cent … an increase roughly equivalent to the gas consumption of the United Kingdom. That spike was complemented by strong demand for oil, especially from the petrochemical sector. American oil demand was up by 540,000 barrels per day in 2018, the largest increase in the world. That resulted in a 3.1 per cent increase in U.S. carbon emissions.
That’s just the concern that worries a lot of people who wonder how high a price should be paid for a point of principle. Fine, the tax is in place, what now? Start raising it to the point the pips start to squeak, as has become the custom with other “sin taxes” on tobacco, gasoline and alcohol? If you listen to Ontario Premier Doug Ford and his chorus of naysayers, that’s exactly the skulduggerous plan the “progressives” have in mind.
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