Carbon tax debate begins
of purchasing carbon offset credits to help them meet their reduction targets. The As debate begins on the carbon offset credit system will not be tax legislation in the House in place for 2019, with the government of Assembly, opposition members working on exactly are unsure how the government how the credit system will work throughout 2019. plans to The government anticipates meet its taking in $62 million a year from greenhouse the new carbon pricing program. gas About $4 million of that reduction is expected to come from consumers, targets. with the rest coming
The from industry. There’s no special plan was fund being established to use the publicly money every year – it will go into revealed the general revenue fund. in late October, Letto says whatever industry but is only being debated does not reduce of the 650,000 in the House of Assembly during tonne goal will have to be made the last week of the fall sitting. up for by everyone else.
Environment Minister Graham “Whatever industry doesn’t Letto says he feels confident meet, we have to find other in the targets set out by the ways of meeting that. Either plan. through habits or new policies
“The national target is to reduce we bring in,” said Letto. greenhouse gas by 30 per “Industry, as well as every cent by 2030. We have to feed other person in this province, into that plan. We feel that our has a role to play in that and carbon pricing plan feeds into contribute to that reduction.” that very well,” said Letto. Tory Critic Keith Hutchings
In 2019, large-scale polluters – says he doesn’t see how the government companies, particularly offshore plans to make sure the oil producers, that produce more targets are met. than 25,000 tonnes of greenhouse “Explain to me how that gas a year – will have to reduce money flowing into general revenue their emissions by six per cent. … is going to reduce greenhouse The reductions increase by two gas emissions. They can’t per cent every year, until the final tell you that,” said Hutchings. target of a 12 per cent cut in emissions “On an annual basis, they by large polluters is reached should have calculated what by 2022. the reductions are expected in
In total, this province has consumer actions.” to cut its emissions by 650,000 tonnes.
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