A Canadian think tank says the world should follow B.C.’s approach to the carbon tax.
Stewart Elgie with Sustainable Prosperity at the University of Ottawa says economists worldwide would agree that program’s first five years show it has been an immense success for taxpayers.
“They now have the lowest income tax in Canada because of the carbon tax, and during that time, B.C.’s economy has slightly outperformed the rest of Canada.”
Elgie says the tax could still be improved. He suggests lifting the freeze imposed on the tax last year because economic gains and emissions decreases have stalled since then.
He also suggests taxing the leaked emissions from the oil and gas industry, saying they shouldn’t be exempt.