44th Parl. 1st Sess.

March 19, 2024 10:00AM

Context: House Hansard - 291 - Mar/19/24

Mr. Gord Johns (Courtenay—Alberni, NDP)

Mar/19/24 1:55:34 p.m.
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Madam Speaker, in June I asked the Parliamentary Budget Officer what would happen if we did away with the carbon tax and went toward subsidies and regulations, or what would happen if we did nothing. The U.S. has made it clear there would be a border carbon adjustment, and I asked what the impact would be on those eight in 10 Canadians. He said that it depends exactly what is done in place of the carbon tax, but if we just speak about a carbon adjustment at the U.S. border, that would probably lead to an economic slowdown in Canada and it would be significant, depending on the adjustment, of course. However, he said it was not unthinkable that this could lead to negative impacts on sectors that are more energy-intensive. He said it would drive up inflation in the U.S., and that in Canada it would probably have the opposite effect and act as a depressor on economic activity and on prices. It would be the opposite effect, which is not much better. This is what he cited. In fact, one could say it is worse because it would depress economic activity. My colleague ran on a price on pollution. As my colleague knows, I am always trying to work on solutions. What are Conservatives proposing in place of a carbon tax to ensure that Canadians do not get the impact of a carbon adjustment at the border with the U.S., the U.K. and the EU?

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House Hansard - 291