Posted on 06/07/2007 10:11:18 AM PDT by MooseMan
QUEBEC -- Quebecers will be distinct from other Canadians in another way starting this fall: they'll have the country's first designated "carbon tax" to help fight global warming.
Natural Resources Minister Claude Bechard, who announced Wednesday that a 0.8-cent-a-litre carbon tax will come into force on Oct 1, added that he hopes the oil companies, which are reporting record profits, would absorb the tax and not pass it on to the consumer. Oil industry spokespeople were unavailable for comment late Wednesday afternoon.
The tax, Bechard said, is based on the "polluter pays" principle. "That is not negotiable," the minister said.
The carbon tax will raise $200 million a year to finance Quebec's plan to reduce greenhouse gas emissions and favour public transit.
Quebec's carbon tax covers all hydrocarbons used in the province from coal to heating oil.
The amount of the carbon tax varies according to the amount of carbon dioxide each fuel produces.
(Excerpt) Read more at canada.com ...
Pay no attention to the man behind the curtain.
Stupidity: The Pandemic we were never warned about.
Sure!
Have him "hope" in one hand and sh&* in the other and see which one fills up faster
ok, here we go. Carbon taxes and the emerging market in carbon credits and offsets are going to be the excuse to raise our taxes to pay for the alleged threat of global warming.
I’ve never understood the idea of carbon credits. Because it seems like it means that you can buy a carbon credit and absolve yourself of the need to cut back your own carbon consumption. It seems like a racket to me.
Few will notice. Everyone with any sense of sanity or reason who could get away fled Quebec 30 years ago.
Speaking French must preclude the ability to have entirely rational thought.
Carbon credits sound a lot like the cap-and-trade policies that the Left hated when Bush proposed using them to regulate air pollution.
I have some carbon credits to sell you. I have two turbo Diesel cars that replaced two minivans that replaced a Suburban and Econoline. So the way I figure they figure, I have two sets of credits to sell. The difference between the mpg of the Diesels against not driving the minivans and the difference between the Diesels and not driving the full size trucks (station wagons or SUVs - you decide).
I wonder if oil companies can reduce their tax by growing tree farms.
“he hopes the oil companies, which are reporting record profits, would absorb the tax and not pass it on to the consumer.”
Bechard missed that part of Economics 101 where students learn that all taxes are passed onto the consumer.
GOOD! I HOPE THEY LIKE IT TOO! CHOKE ON YOUR CARBON TAX CANADA! CHOKE ON IT!
Can you tell this subject ticks me off? LOL
Es tu Quebecois?
Like they won’t use the “carbon tax” for mad money.
This is what they were aiming for in the first place. All this garbage about carbon credits was to make the way for a tax. The left wants to destroy business and industry.
I bet not one “red” cent of this tax ever goes to stop glowbull warming........
The tax, Bechard said, is based on the "polluter pays" principle. "That is not negotiable," the minister said.
he hopes the oil companies, which are reporting record profits, would absorb the tax and not pass it on to the consumer.
But it is the consumer of energy, not the producer, who pollutes.
In one statement that minister managed to by stupid and anti-corporate at the same time. This is the quality of the government that socialists always end up with.
Ever hear of “Window Insurance?”
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