Quote:
Originally Posted by Fuzz
http://www.cbc.ca/news/canada/calgar...883181?cmp=rss
Carbon tax revenues should go to oil industry, says CAPP
I rolled my eyes when I read this headline, but it actually makes a lot of sense. What better way to boost the industry as a global "green" oil powerhouse than to invest in technology that reduces emissions for something that, lets face it, we all need for the foreseeable future. Taxes could be paid back to the industry for implementations of reduction technology based on how much reduction they achieve.
I don't think we should be handing it out for research, only implementation. If we hand out research grants they should go to our universities.
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I would actually like to see the revenue accounted for completely separately from general revenue. Then it is more transparent.
I agree it should be spent to reduce emissions. This can be on a number of fronts - assisting industry in development of emissions reducing technology, investment in renewables, helping transition our electricity grid, improving reductions emissions transportation (public transit, etc). Many things.
But beyond that, above all, we need to think about how it can help us secure our economic future.
We can be obscurantist on things climate change and the transition of energy away from carbon intensive sources, or we can embrace the challenge, leverage our (relatively short term wealth), swim with the stream and prosper long into the future. This revenue stream is one way we can move in that direction.