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Carney's Bold First Step: Consumer Carbon Tax Abolished
In a decisive move on his first day as Prime Minister, Mark Carney has fulfilled a key campaign promise by abolishing the consumer carbon tax. This policy, introduced in 2019 under former Prime Minister Justin Trudeau, had become a contentious issue in Canadian politics. While it aimed to incentivize greener energy choices, critics argued it placed undue financial strain on households, especially during periods of high inflation.
Carney's government ended the tax through an order-in-council shortly after his swearing-in ceremony. The industrial carbon tax on large emitters remains intact, signaling a continued commitment to addressing climate change, albeit through different means. This action marks a significant shift in Canada's approach to carbon pricing and sets the tone for Carney's leadership.
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