Despite industry claims to the contrary, British Columbia's carbon tax has not hurt the province's agricultural sector, a new Pacific Institute for Climate Solutions study concludes. Further, the study suggests that the more than $25 million worth of competitive "relief" that the provincial government has granted the industry in recent years may not have been necessary.
The B.C. government's Pacific Carbon Trust has become frighteningly adept at taking taxpayers' money--$14 million last year--and transferring it to big businesses. It's time for the provincial government to scrap the Trust, and end corporate welfare disguised as environmentalism. The numbers prove that transferring tax dollars to companies through the illusion of carbon neutrality is a massive failure.