June 19, 2006
YOU TAX WHAT YOU WANT TO DISCOURAGE:
Guess who (quietly) likes Quebec's carbon tax? (PATRICK BRETHOUR, 6/19/06, Globe and Mail)
The oil industry would never admit it, but Quebec's proposed carbon tax is just what it — secretly — prefers.Economists say the planned Quebec tax on hydrocarbons is going to end up being passed on by industry to be paid by consumers, creating a levy on energy when it is consumed, not when it is produced.
And that version of a carbon tax, rather than a charge when oil, gas or coal is extracted, is far preferable to the energy industry.
As should everyone who wants to reduce carbon use. Posted by Orrin Judd at June 19, 2006 8:59 AM
So they want to take more money out of their clients' pockets which will, in turn, require less usage of their product?
Posted by: Sandy P at June 19, 2006 10:01 AMSomething about this doesn't jive: 100% of the price of coal, oil, or natural gas should be passed on to the consumer because that is a legitimate cost of producing electricity that I would think that any regulator would permit, so if the price of their cost of materials is raised by the carbon tax, it still would be passed on to the consumer.
Posted by: Ptah at June 19, 2006 10:51 AMeveryone who wants to reduce carbon use
Still breathing, are we? For shame.
Posted by: joe shropshire at June 19, 2006 11:05 AM