The True Cost of the Carbon Tax

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The new carbon tax will penalize our use of fossil fuels resulting in a reduced environmental footprint. Sounds simple. But at what cost?

What's up?

Back in Dec. 2015, Canada, plus 195 other conscientious nations, signed the Paris Climate Accord. In essence, it’s a commitment of sorts to meet lower global temperatures targets, while also looking for ways to wean ourselves off fossil fuels. So far so good, right? Now, Canada’s first step is to implement the ‘carbon tax’, with all provinces required to be on board by 2018. And yes, this affects you as a Canadian because, like other environmental incentives, you pay for a cleaner future by being charged more at the pump, more for heating your home, more when buying a plane ticket, etc. 


Broken down.

Well, it’s as complex as a North Korean family tree. The tax is hitting our pockets with many day-to-day expenses increasing. And surely an incentive to use less fossil fuels implies there’s an alternative we can switch to. But what alternative? Run our cars on banana skins? We’re not there yet, Doc Brown. Plus, by using less of our most profitable resource, we could be harming our economy and compromising our global status as a key player in the energy industry. And even worse, some say the tax is essentially creating another government cash grab. So what are we to believe?

Sure, climate change is a real worry. And as fossil fuel addicts, we all need to take a good long look in the mirror and support policies aimed at curbing our emissions. But there needs to be better transparency from the powers-that-be. We deserve to know exactly where these new taxes are going and reassurance that the economy will flourish and not flounder.


So, are we in Lala Land or Hacksaw Ridge? Will the carbon tax lower our environmental footprint or lower the value of our economy?



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