B.C. Cancels Carbon Tax
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B.C.’s consumer carbon price is dying. How will the province make up the revenue? | Globalnews.ca
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B.C. energy minister Adrian Dix says his government will follow through on a pledge to axe the consumer carbon tax.
The consumer carbon price was forecast to generate about $2.8 billion in revenue, while about $1 billion of that is returned to the public in the form of the Climate Action Tax Credit .
Large emitters currently contribute just under $200 million to the provincial budget annually through the province's industrial carbon price.
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