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Trudeau Faces Rising Political Pressure to Abandon a Key Climate Policy.

Authors :
Kane, Laura Dhillon
Source :
Bloomberg.com; 3/21/2024, p1-1, 1p
Publication Year :
2024

Abstract

Prime Minister Justin Trudeau's carbon tax policy in Canada is facing increasing opposition due to rising living costs and public dissatisfaction. The policy includes a tax on large industrial emitters and a levy on consumers, with the price per metric ton rising annually. To mitigate the financial impact, the government provides quarterly rebate checks to households. However, many people are still unhappy with the tax's effect on their heating and gasoline costs. Conservative politicians, including Pierre Poilievre, have been critical of the policy, framing it as a burden on households. Despite the opposition, a carbon tax is seen as crucial to meeting Canada's emissions reduction goals. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176204046