Quote:
Originally Posted by GGG
The left wing versions of the carbon taxes provide funding from taxes collected on projects which will reduce long term emissions. The point being companies will be forced to spend on projects which in the absense of subsides aren’t economic but with subsidies and taxation are economic.
Essentially it forces a certain portion of the profit from the industry to be used to clean up the industry.
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But isn't that what regulations are for? So now we are micro-managing the stuff they don't want to use their own profits for, so we "tax" them and then give it back to them to use to cleanup their own mess?
"Left wing versions" would have carbon taxes go to things like transit and consumer efficiency rebates and the like. Right wing versions give the money back to the polluters.
Kind of funny the very next post is for the province to handle it's own environmental reviews. Why not, they are so good at holding companies to account now. What could go wrong?