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Posted: Fri Aug 03, 2018 8:46 am Post subject: Liberals plan to soften carbon tax
The Liberal government is curtailing its plan to price carbon pollution after hearing concerns from Canadian industry officials about how the tax would affect their ability to compete.
As the Globe and Mail first reported Wednesday morning, Environment and Climate Change Canada plans to release new guidelines that lower the percentage of emissions on which some polluters will have to pay the carbon tax.
The decision to raise the cutoff point for carbon taxes will have the biggest impact on companies that are already more efficient than the industry average, or are close to the average. They should see their tax bill decline substantially, and some of the most efficient could find themselves paying no carbon tax at all.
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