Tuesday, April 05, 2011

cap and tax, the grits new carbon tax

iffy has snuck in cap and trade in his new grit red book. He has given no socts associated with this job and economy killing maneuver. Let's also not that cap and tax will not be coming to the US ( our largest trading partner). The US senate has yet to vote on cap and tax and if it does there is a bipartisan majority to kill it. This is dion's carbon tax all over again. It will be used to scare money for all of iffy's other unaffordable programs. It is another reason to vote Tory.

Lorrie Goldstein lambastes this latest iffy "policy".
Chretien did worse than nothing by signing the Kyoto accord in 1998 and ratifying it in 2002, bringing it into effect.

Kyoto called for Canada to achieve a more modest but still totally unrealistic target of reducing our emissions by an average of 6% below 1990 levels between 2008 and 2012.

Chretien and his successor, Paul Martin, did nothing with that commitment until the Liberals lost power in 2006, at which time Canada was 30% above its Kyoto target and incapable of achieving it by 2012.

Stephane Dion, after replacing Martin as Liberal leader in 2006, discarded Chretien’s previous rejection of a carbon tax and his own preference for cap-and-trade, in order to support a carbon tax as the central plank of his “Green Shift” program. It was massively rejected by voters in 2008.

Ignatieff, who called for a carbon tax in the 2006 Liberal leadership race, has flip-flopped in the opposite direction from Dion. Now he rejects a carbon tax and favours cap-and-trade.

Both policies put a price on industrial emissions of carbon dioxide when fossil fuels (coal, oil, natural gas) are burned for energy.

This drives up the cost of most goods and services by billions of dollars annually, either by businesses passing along their increased costs to consumers (cap-and-trade), or by governments imposing higher taxes (carbon tax).

1 comment:

Anonymous said...

Where have you been? The Liberals stole the cap and trade idea from Harper and the Conservatives:


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