BC Announces North America's First Carbon Tax

"This is an important turning point for B.C., and we think for Canada because we are out in front on this," she said, suggesting the new tax could raise up a new "social movement" -- regardless of whether any other province follows suit, and despite serious concern from businesses cringing at the prospect of working under a patchwork of different climate regimes across the country. And though the government's own estimates suggest the carbon tax will only trim B.C.'s emissions by 4.5% -- far shy of Premier Gordon Campbell's commitment of a 33% cut by 2020 -- Ms. Taylor was unapologetic. "We don't want to wait," she said. "We think it's important to take the first step." ... http://www.financialpost.com/story.html?id=319693

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