Ottawa Sun:
LILLEY: Report warns Trudeau’s carbon tax will go up a lot.
Don’t say that you weren’t warned: For Justin Trudeau’s carbon tax to accomplish its goals, it will have to go up significantly.
The latest warning comes from the non-partisan Parliamentary Budget Office (PBO).
According to the PBO, Canada will need to boost its carbon tax from $50 a tonne in 2022 to between $102 and $138 a tonne by 2030 if Canada is to meet its Paris Agreement targets on greenhouse gas emissions.
The difference between $102 and $138 a tonne is dependent on the state of the economy and the price of oil over the next 11 years.
However, the PBO’s main estimate is that the carbon tax will need to rise to $102 a tonne by 2030 to close a gap of 79 Mt of emissions in order to meet Canada’s Paris Agreement targets. If the economy grows and oil and gas production increases, emissions could be 55 Mt higher meaning a gap of 134 Mt.
“The additional carbon price needed to achieve the Paris target with a gap of 134 Mt would rise from $10 per tonne in 2023 to $88 per tonne in 2030,” the report reads.
Let’s be honest, talking in mega tonnes and a carbon price per tonne is gibberish to most of us. What does it mean in real terms?
After speaking with Dan McTeague, former Liberal MP and senior analyst with gasbuddy.com, I find out the numbers are staggering.
Funny how USA is seeing big reductions in CO2 production while Canadia isn’t. Even though we aren’t trying. Funny, that.
I saw a Tweet saying that the Carbon Tax was going up in January, to which someone replied, “There is an election in October.”
Just so none are confused, a liter is slightly more than a quart.
The Yellow Jackets are coming,the Yellow Jackets are coming !!
The ideal tax for a politician is one they can exempt themselves from!
“if the economy grows”. I don’t think they have to worry about that.
Next the Soy Boi will be telling his fellow Canadians they need to put on another sweater…Sound Familiar?
the dirtball.His stepfather said let them freeze in the dark.
That product of Castro’s testicles is killing the country. Its GDP growth flatlined in 2018. The new tax may put it into negative territory. Shameful.
Tim Buktu. Have you seen his beautiful hair?
Long and flowing while thick and full of body….and thats just his eyebrows.
Eye brow. Singular