It’s no surprise that big #polluting companies are not happy about annual #CarbonTax increases. But it is #unfair that #BritishColumbians must pay the full carbon tax when the #OilAndGas industry, whose production is responsible for more than one-quarter of #BritishColumbia #CarbonEmissions, gets a carbon #TaxBreak.

The new system will also have a negative impact on B.C.’s carbon #TaxRevenues. In 2024-25, carbon tax revenues will be about $500 million lower than they would have been under the old system. This #RevenueLoss means fewer dollars to pay for #ClimateAction.

These changes point to a #BCgovernment that is far too cosy with the oil and gas #industry. And they make no sense given the urgency of acting on #ClimateChange. #Disasters in 2021 alone caused between $11 billion and $16 billion in damage to the #BCeconomy.

If B.C. really wants to be a #climate leader, the government must stop pandering to lobbying by the oil and gas industry that is causing climate change and act in the interests of all British Columbians

https://thetyee.ca/Opinion/2024/08/09/BC-Letting-Big-Industry-Evade-Carbon-Tax/

@thetyee

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