Conservative leader Erin O’Toole will release a climate platform on Thursday that proposes to tax the carbon emissions of both large industrial emitters and consumer fuels, though change how the fuel levy currently works.
A Conservative source had initially told the National Post that O’Toole is scrapping the federal carbon tax on fuels, but CBC obtained the full document that shows it will be replaced with a fuel levy that goes into a “personal low carbon savings account.” The Post has confirmed CBC’s reporting.
The Conservatives argue the new fuel charge is not a tax because it does not go into government revenue, but instead into a consumer savings account. However, the plan will mean consumers are still paying a surcharge on fuel; according to CBC’s document, it will start at $20 per tonne of greenhouse gas emissions, increasing to a maximum of $50 per tonne.
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