‘Carbon tax’ is a dirty word too many, but we would suggest that it’s actually an industry saviour. Simply because putting a price on carbon can now be used to justify capital spending on pollution saving equipment and projects - as the NPV is now positive. Versus the current process of having to force investment in a negative NPV project through legislation.
Yes you’ll have to pay more for your gasoline and heating.
Your solutions are either change your lifestyle, use a vehicle with better mileage (gas/hybrid/electric), or put better insulation in your house. The rewards are the smiles in your kids eyes, and leaving them with a better future than you inherited.
The vast bulk of Alberta’s tar-sand reserves are too deep to mine commercially with existing technology, but easily accessible via the drill bit. Simply pump Co2 INTO that unusable reserve, and get paid for it, as an entirely NEW and GREEN industry. A process that is already occurring at the re-purposed North Sea Goldeneye gas field.
http://abarrelfull.wikidot.com/goldeneye-gas-fieldAnd if you also happen to be shut-in while ‘carbon tax’ legislation is in effect …
You’re not paying as much as you might, because you aren’t producing as much AND
Canada is a lot closer to its environmental targets REMOVING much of the ongoing environmental criticism.
And if that domestic Co2 sequester is in place at the same time Alberta ramps up (post infrastructure build), the net Co2 increase is close to zero – permanently silencing the environmentalists.
SD