B.C. to share carbon tax know-how with Oregon

VICTORIA – British Columbia’s world-leading climate action policies have caught the attention of the State of Oregon. Environment Minister Terry Lake has been invited to brief business and policy leaders and the Oregon legislature on B.C.’s carbon tax experience as the state considers a carbon tax as a new revenue option.“Having Oregon ask me to describe our experience with the carbon tax is extremely gratifying because it demonstrates, once again, that other jurisdictions are closely following our climate action policies,” said Lake. “B.C.’s broad-based, revenue-neutral carbon tax is working – it provides a signal in the economy to reduce greenhouse gas emissions and encourages sustainable economic activity and green jobs.”The most recent available data shows that since the carbon tax was implemented, fossil fuel consumption in B.C. has gone down by more than the national average, without affecting economic growth.

B.C.’s carbon tax is revenue neutral, meaning every dollar generated by the tax is returned to British Columbians through personal and business tax cuts. Since 2008, the Carbon Tax has raised a total of $3.7 billion – all reinvested into tax reductions for businesses, individuals and families.

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Also see Carbon Tax Boondoggle : http://www.theglobeandmail.com/commentary/carbon-offsets-bcs-looniest-green-scheme-yet/article9623584/