Yesterday oil executives, First Nations, academics, and environmentalists stood with the provincial government to announce a carbon tax for Alberta… but where will the money go?
Trevor Tombe, an economist with the University of Calgary, is estimating a $2.8-billion subsidy to the largest emitters. That is almost half of the estimated $6 billion revenue.
According to the CBC and Michal Moore, an economist with the University of Calgary’s school of public policy, the plan for industry is a hybrid of a straightforward carbon tax and a cap-and-trade system that allows the buying and selling of carbon credits enabling large corporations to make money trading permits.
In other words…. Alberta’s carbon tax is just more corporate welfare.
Written by Alternative Free Press
Alberta’s Carbon Tax Is Just More Corporate Welfare by AlternativeFreePress.com is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Sources: Alberta’s climate-change plan: Breaking down the numbers
Harper commits Canada to contribute corporate welfare