May 2, 2008
The high price of gasoline is about to get higher in B.C. once the provincial government’s carbon tax is fully implemented.
Starting July 1, the price of gas will increase 2.4 cents a litre, and by 2012 it will be 7.25 cents more. And heating your home will also cost more with an extra 2.8 cents tax on both natural gas and furnace oil.
Finance Minister Carole Taylor officially introduced the Carbon Tax Act in the legislature on Monday, saying the tax will encourage families and businesses to lower their carbon footprint by using less fossil fuel.
The new tax is a hit with environmentalists and academics who filled the spectators gallery at the legislature to show their support.
Groups such as the Sierra Club and the David Suzuki Foundation have said taxing fossil fuels makes British Columbia a leader in the fight against climate change.
But the New Democrat Opposition says the carbon tax is unfair for northerners who will pay more for home heating oil, and unfair for rural residents who don’t have public transit and have no choice but to drive.
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