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Decentralized Democracy

House Hansard - 291

44th Parl. 1st Sess.
March 19, 2024 10:00AM
  • Mar/19/24 3:46:09 p.m.
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Mr. Speaker, let us imagine that we are living in a parallel world and that the carbon tax, which Quebec and British Columbia do not pay, has been cancelled. What would the impact be on Canada's international relations and on the markets? Also, who would suffer the consequences? Would it be the poorest or the richest, such as the oil companies, who would benefit the most from abolishing the carbon tax?
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  • Mar/19/24 4:33:05 p.m.
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Mr. Speaker, in his carbon tax cost analysis, the Parliamentary Budget Officer talked about the quintiles that benefited most from the carbon tax. He said that the most disadvantaged in terms of the fuel charge were in the top income quintiles, that is, the people who earn the most money and, ultimately, consume the most. Of course, oil companies have to pay the carbon tax, too. They generate a lot of greenhouse gases, so they pay more. If we eliminate the carbon tax, will oil companies end up getting even more money? Will the less fortunate be penalized and get even less money?
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