Quote:
Originally Posted by TheRitsman
Majority of the funds are being paid by the company themselves, and the goal of the carbon tax and the like is to basically rebate investments like this to incentivize this kind of change, so I see no major issues. They are taxed on carbon emissions, and then are given money to change to emit less, makes sense as a tax and rebate system.
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Exactly! And this is the point that detractors and opponents don't get or don't like... a prime example is the Ford government, who campaigned on ending "the cap and trade carbon tax" (a deliberate misnomer) and did exactly that until the federal government cut their hands off re: this issue.
These taxes should never be counted on to create a permanent stream of revenue. They're meant to create change. Taking some of the money that comes from the tax and investing it in the kind of thing AM Dofasco will be doing leads to that, and thus the tax is doing its job.
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