It seems like all the good news is from BC lately: Lotus Land is introducing a carbon tax.
The carbon tax, effective July 1, will be phased in over five years to give consumers and businesses time to adjust to the new tax and understand there is a cost associated with generating harmful greenhouse gases, she said.
The carbon tax will start at a rate based on $10 per tonne of carbon emissions and rise $5 a year to $30 per tonne by 2012, [Finance Minister Carole] Taylor said. The tax works out to an extra 2.4 cents on a litre of gasoline, rising to 7.24 cents per litre of gasoline by 2012.
Taylor said the carbon tax on diesel and home heating oil will start at 2.7 cents per litre and increase to 8.2 cents per litre over the same five-year period.
British Columbians already pay a 3.5-cent-per-litre gasoline tax to help fund transportation projects.
"We're not just going to be talking about climate change," said Taylor. "We are acting. This could be a social movement in British Columbia."
The tax will be revenue neutral, with net revenues returning to British Columbians through other tax cuts.
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