B.C.CARBON TAX

. . . . . .B.C. introduces carbon tax in 'green' budget
Updated Tue. Feb. 19 2008 6:20 PM ET
The Canadian Press
VICTORIA -- Finance Minister Carole Taylor introduced an escalating carbon tax on most fossil fuels Tuesday, one she says is designed to ignite an environmental social movement in British Columbia and across Canada to fight climate change.
And she's handing every British Columbian $100 in June as seed money to get them thinking green.
"This is an important turning point for British Columbia," she said. "We think for Canada."
The carbon tax , effective July 1, will be phased in over five years to give consumers and businesses time to adjust to the new tax and understand there is a cost associated with generating harmful greenhouse gases, she said.
The carbon tax will start at a rate based on $10 per tonne of carbon emissions and rise $5 a year to $30 per tonne by 2012, Taylor said. The tax works out to an extra 2.4 cents on a litre of gasoline, rising to 7.24 cents per litre of gasoline by 2012.
Taylor said the carbon tax on diesel and home heating oil will start at 2.7 cents per litre and increase to 8.2 cents per litre over the same five-year period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A VERY IMPORTANT PROVINCIAL BUDGET WAS PRESENTED IN VICTORIA TODAY . . . . . .GOOD FOR THEM . . .I . .HOPE EVERY . . .PROVINCE , , ,,FOLLOWS .. . . SUIT.

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