Big News: National Price on Carbon

Prime Minister Trudeau announced a new (mandatory) national price on carbon. See the Globe and Mail, the CBC, and even the New York Times.

The provinces and territories have until 2018 to implement either a carbon tax or a cap and trade program. Just like that.

So that seems a bit surprising. Even more so, he is also saying “if you don’t, I will.” If a province or territory does not have a tax or cap & trade by 2018, then the federal government will implement a price in the province or territory. Presumably against their will.

And everyone – provinces, territories, and federal government – must work together to reduce emissions in line with our Paris Protocol commitment. (Trudeau is sticking the Harper government pledge of 30% below 2005 levels by 2030).  This means the price on carbon must be real – not a hand waving or symbolic tax/price. But one that results in significant emission reductions.

Yes, this is the same Trudeau government that just approved the LNG project in British Columbia last week. See the Globe and Mail.  So over there, we are increasing emissions. And over here, we are jumping up and down demanding that everyone decrease emissions. This is in the name of “sustainable” development and flexibility. Thus, if BC can find some way to move ahead with its LNG project WHILE decreasing emissions in line with our Paris pledge, then so be it. Good for BC (and Alberta). The federal government will not stand in the way. But can BC have its cake and eat it to? Does not seem likely.

So I am waiting for the fall-out. Will the Supreme Court get involved? Will it be Quebec or Saskatchewan that jumps starts the case against this federal demand? Is this constitutional? I doubt that Saskatchewan will implement a carbon price by 2018. I will be watching and waiting.

 

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