Damage to Business Forces British Columbia to Rethink Carbon Tax

Here is more evidence of the global retreat from climate change policies.  British Columbia, which enacted a bold set of climate change policies designed to dramatically reduce its greenhouse gas emissions five years ago, has now called for an extensive review, National Geographic reports.

The problem for BC is that no other provinces or US states have chosen to follow the same path, and the Western Climate Initiative – a regional cap-and-trade system, has been reduced to just California and four Canadian provinces, after six US states withdrew last November. Because its businesses are therefore competitively disadvantaged, the province is having to provide aid to them through tax breaks and credits. Funny that.