News Analysis
When the Parliamentary Budget Officer issued a report a few weeks ago saying the carbon tax is a “net loss” to most Canadian households, Environment Minister Steven Guilbeault said the report didn’t account for the costs of climate change itself, also tweeting that “the costs of inaction on climate change far outweigh the costs of taking action.” On April 19, Guilbeault upped the ante on the issue of carbon emissions, saying that the government will use a “new tool” called the “social cost of carbon” to fight climate change and that the cost of Canada’s emissions could be five times higher than previously thought….