My home province of Beautiful British Columbia just, on February 19, 2008, made history in North America by implementing the first Carbon Tax on fossil fuels this week. This tax is on all fossil fuels, gasoline, heating oil, natural gas, propane and diesel. This budget has been met with great enthusiasm by environmental groups, been rejected on the Federal level and sparked outrage in northern communities. So lets take a look at the budget and see what this is really all about and what we can expect in the coming years as the budget runs until 2012.
First lets take a look at the reasoning behind the tax. Carole Taylor, the Finance Minister said "The principle is simple, Tax carbon-emitting fuels to discourage their use, and give the money back to people, back to businesses, so they have control. They can make their own choices about how the tax affects them."
I am not really sure that this is as simple ...