Energy subsidies that make sense right now:
- free public transport in cities;
- remote VAT on bikes and e-bikes;
- buying back petrol cars if someone switches it for an EV;
- installing EV charging points in gas stations.
Energy subsidies that don’t make sense:
- lowering taxes on petrol and diesel to ease the shock.
A new report from the Centre for Future Work reveals that financial speculation in global oil markets — not supply shortages or carbon pricing — was the primary driver of Canada’s inflation surge in 2022. The report, Counting the Costs, finds that inflated oil and gas prices, passed directly and indirectly to Canadian consumers and businesses, cost each household an average of $12,000 over three years.
juliette
pinhman