carbon tax

The global airline industry has consistently cautioned passengers about the inevitable need to contribute to the $5 trillion expense of decarbonizing air travel. That time has now arrived. What Happened: Airlines across the world are raising ticket prices to offset the expenses of decarbonizing air...

If there's going to be a global carbon tax on ocean shipping someday, the industry wants to devise the "architecture" of how this levy is charged and collected. That proposed framework has just been revealed. On Dec. 18, associations representing over 90% of the world's merchant fleet proposed a...

Canada's Conservative Leader, Andrew Sheer, said his party would kill carbon pricing and proposed fuel standards that he characterized as a "secret tax" if his party defeats Prime Minister Justin Trudeau's Liberals in October.  Sheer took aim at the environmental policies in a letter to Trudeau...

The Canadian government plans to impose a carbon tax on Alberta as of January 1, 2020, in response to the province scrapping its own system for pricing greenhouse gas emissions. Environment Minister Catherine McKenna announced the decision on June 13. "It's unfortunate," McKenna said. "We clearly...

Saskatchewan's highest court quashed a challenge to the Canadian government's carbon tax, ruling that it was constitutional. The 151-page ruling by a majority of the Court of Appeal, released on May 3, found that the Federal government of Prime Minister Justin Trudeau, acted within its...

Diesel got more expensive in four of Canada's provinces, including Ontario, as a federal carbon surcharge took effect today, April 1. The price of diesel will increase by about C$0.054 per liter or about C$0.20 per gallon (a Canadian dollar currently is valued at US$0.75) in Ontario,...

Solar stocks popped Tuesday on news that the Trump administration was considering a value-added carbon tax to increase federal revenue. But Axiom Capital’s Gordon Johnson told Benzinga the chance of Congress passing a tax is less than 5 percent. Raymond James analyst Pavel Molchanov added...

President-elect Donald Trump wants to lower taxes to help businesses better compete in the international stage and attract international investors. By contrast, Canada's Prime Minister Justin Trudeau thinks the more attractive approach would be higher taxes on the country's resources. Trudeau's...