Carbon tax bumps up B.C. fuels prices (Canada)
"B.C. residents face another across-the-board increase in fuel taxes in what's become a Canada Day convention. The province's carbon tax on gasoline, diesel and all oil-based fuels, as well as natural gas and coal, has jumped every July 1 since 2008. .....B.C. introduced its carbon tax as part of former premier Gordon Campbell's plan to legislate cuts to greenhouse gas emissions by more than 33 per cent by 2020.The most recent statistics provided in the government's Greenhouse Gas Inventory Report indicate the province has a long way to go to meet its reduction targets. .....There are no scheduled carbon tax increases after 2012. The current government budget forecasts $740 million in carbon tax revenues this year and $950 million next year."
H/T Prof Bunyip
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