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A service for banking industry professionals · Saturday, March 15, 2025 · 794,197,313 Articles · 3+ Million Readers

Premier’s statement on carbon tax increase

CANADA, March 14 - Premier David Eby has issued the following statement about the future of the carbon tax in British Columbia:

“People in B.C. are doing everything they can to fight climate change. But we don’t want people to have to choose between affordability and climate action. That’s why we made the commitment last year to get rid of the consumer carbon tax at the first opportunity if the federal government removes the national carbon tax requirement.

“With Prime Minister Mark Carney moving to eliminate the federal carbon tax on consumers, we are preparing legislation for this session to repeal the tax in B.C.

“As the federal government removes the requirement that B.C. have a carbon tax in place, we will act quickly so the people of British Columbia don’t feel the pinch when filling their cars or heating their homes.

“As that work is underway, B.C. is also readying legislation to eliminate the scheduled increase to the carbon tax that would otherwise have occurred on April 1, 2025.

“While we eliminate the consumer carbon tax, we will continue to ensure big industrial polluters pay their fair share by maintaining an effective price on carbon for large emitters. Our goal is to incentivize industry to adopt lower-carbon technologies while maintaining their competitiveness.

“The carbon tax has been an important tool in British Columbia. For over a decade and a half, a price on pollution has been an effective part of our efforts to tackle climate change. However, with cost-of-living pressures facing households and the imminent removal of federal carbon pricing, there is no longer support for the measure. We will continue our commitments to battle climate change by encouraging industry to innovate and ensuring British Columbians have affordable options to make sustainable choices.”

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