Monday, June 30, 2008

Carbon Tax Starts Tomorrow

The first carbon tax in Canada starts tomorrow. The amount it adds to the cost of fuel is not much, only a bit more then 2 cents per litre, though eventually rising to about 8 cents a litre. The idea being to put a cost on the carbon dioxide being produced.

While I think that this is a good way to go, I wonder if it is enough to make a difference? Will a cost of $30 a tonne of CO2 be effective? Is the intent to use the money to get rid of the CO2 or is it to get people to drive less? What happens if a fuel company can legitimately show they are carbon neutral, does the tax come off of their product?

I have a lot of questions about the carbon tax.

Ultimately I see the tax being successful if it causes industry to change its behaviors, it if it makes it economically worthwhile for an oil company to capture and store CO2. But for that to happen, the tax has to be applied based on the CO2 footprint of the fuel producer and not be the same across the board.

I am still stunned that the NDP is opposed to taking action on greenhouse gases. Carole James has made herself the leader of the brown movement in BC and only highlighted how much of a green leader Gordon Campbell is.

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