How B.C.’s formerly ‘revenue neutral’ carbon tax turned into another government cash grab 

n a major announcement last year, the Trudeau government imposed a policy that will require all provinces to put a price on carbon emissions by 2018. As governments in Canada and elsewhere pursue carbon pricing, British Columbia’s carbon tax has received global praise as the gold standard.

Both the United Nations and the World Bank have declared B.C.’s “revenue neutral” carbon tax the model to follow. The OECD called it a “text book” example of how to implement carbon pricing. Commentators in Canada and the U.S have similarly hyped B.C.’s carbon tax, arguing it’s proof that governments can get carbon policy right.

Source: How B.C.’s formerly ‘revenue neutral’ carbon tax turned into another government cash grab | Financial Post