The Liberal government is curtailing its plan to price carbon pollution after hearing concerns from Canadian industry officials about how the tax would impact competitiveness. They should see their tax bill decline substantially, and some of the most efficient could find themselves paying no carbon tax at all. The worst polluters, whose emissions far exceed the average in their industries, will see their carbon tax liability shrink too, but their tax savings will be proportionately much smaller. McKenna said today it's important to make big polluters pay, and that it will force them to reduce emissions and innovate. already have a carbon tax, while Quebec is part of the cap-and-trade system Ontario plans to leave.

Source: CBC News August 01, 2018 12:56 UTC