Steep carbon tax could actually stimulate economy: report
OTTAWA — It was denounced by Environment Minister John Baird as “the mother of all taxes,” but a new report for the federal government says a $50-per-tonne carbon tax to reduce greenhouse gas pollution would do little harm to the Canadian economy.
The study - titled “Cost Curves for Greenhouse Gas Emission Reduction in Canada: The Kyoto Period and Beyond” - was submitted to the government in January.
Green party Leader Elizabeth May said it proves the Conservatives knew the top experts were urging them to accept her proposal of a $50-per-tonne carbon tax as the most effective tool to fight global warming.
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