As of January 1, 2017, Alberta’s carbon tax has officially arrived.
And, as expected, there’s plenty of misinformation swirling around about what the tax will mean for Alberta citizens and businesses.
Ultimately, the idea behind the carbon tax is to put a price on polluting the atmosphere. It sends a market signal to encourage the economic activities we do want (investment and innovation), while reducing those we don’t want (greenhouse gas emissions).
Doesn’t sound totally outlandish, right? But what will a price of $20 per tonne of carbon emissions really mean for Albertans?
DeSmog Canada did some digging to find out. Here are five (Read more…) facts to help you get clear on what the new tax means for you.