End of consumer carbon tax means cheaper gas but leaves $1.5B hole in B.C. budget: business prof
There are unanswered questions about how scrapping the consumer carbon tax will affect B.C.'s finances and climate goals.
#business #money #politics #environment #BC #News
https://www.cbc.ca/news/canada/british-columbia/carbon-tax-budget-british-columbia-1.7487731?cmp=rss
I think this is a poor decision for BC - though a logical political one.
Contrary to other provinces, BC has:
- a very clean grid.
- very limited capacity to process oil & gas.
- massive investment to export O&G, hence reducing local consumption is excellent.
- good programs to install heat pumps, buy EVs and deploy new renewable electricity generation.
Decarbonizing BC economy is not complicated, nor super expensive compared to others.
