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End of consumer carbon tax leaves $1.5-billion hole in B.C. budget

The British Columbia government decided to eliminate the consumer carbon tax, following a similar move by the federal government, leaving a $1.5-billion hole in the budget.
On March 14, Premier David Eby announced that the province will not proceed with the planned carbon tax increase set for April 1.
FortisBC stated that gas customers could save over $300 annually due to the elimination of the provincial consumer carbon tax and may see a nearly $30 reduction in monthly energy costs.
FortisBC remains committed to B.C.'s climate action goals while ensuring energy delivery to customers is safe, reliable, and affordable.

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grandforksgazette.ca

+11 Reposted by 11 other sources

FortisBC gas customers may see lower bills after carbon tax cut

Average residential gas customer (7.5 gigajoules per month) currently pays about $29.89 in carbon tax on their bill

19 hours ago

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CBC News

End of consumer carbon tax means cheaper gas but leaves $1.5B hole in B.C. budget: business prof

There are unanswered questions about how scrapping the consumer carbon tax will affect B.C.'s finances and climate goals.

20 hours ago·Canada

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National Observer

Death of consumer carbon tax leaves $1.5-billion hole in B.C. budget

Werner Antweiler, associate professor at the Sauder School of Business at the University of B.C., says that leaves about $1.5 billion in revenue the province will need to make up, which could include cutting spending or raising taxes elsewhere.

1 day ago·Canada

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