Finance Minister Says Carbon Tax Not Unfair to North
By 250 News
Provincial Finance Minister Colin Hansen talks with Opinion 250's Ben Meisner ( photo Opinion250 staff)
Click on the video icon, or the photo to see a brief video of Colin Hansen's answers to questions.
Prince George, B.C. - Provincial Finance Minister, Colin Hansen, says the north, and rural B.C. are not being unfairly treated by the new carbon tax.
In a "one on one" with Opinion250's Ben Meisner, the Minister said programs designed to help people reduce their carbon footprint are more generous to northerners "When I replace my furnace" says Hansen "My rebate will be about half of what the rebate would be for someone in Prince George."
He says the provincial government is willing to work with the trucking industry to help make the changes necessary to offset the higher costs of fuels, those changes could mean changing to engines which use bio-diesel.
He says pensioners who don't benefit from the personal income tax reduction will see a quarterly carbon tax credit cheque in the amount of $100 dollars per adult in the household.
The new Minister of Finance also admitted corporations will find their carbon tax is not "revenue neutral " They will find they are paying more in carbon tax than they are getting back in corporate tax deductions.
Hansen is on a provincial tour following his appointment to the Ministry which had been under the guidance of Carole Taylor. She has stepped down from Cabinet after announcing she will not seek re-election.
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That is interesting. It should actually be the reverse if it were to be applied equitabley. Here is why.
I posted some information about HDD (heating degree days) on another thread previously. The number is around 3,000 per year for Vancouver and about twice as much for PG. Thus, to heat the same sized and insulated house in PG as in the GVRD, it takes twice as much fuel, given the same furnace and fuel type.
Thus, if one replaced an existing 65% efficient furnace with a 90% efficient furnace, the payback of the "investment" in new technology would be faster the more fuel one had to use.
Thus, the PG furnace investment will be paid back much quicker than the one in the GVRD. By giving the folks in PG twice the money as an incentive, the payback for PG citizens will be even faster.
Or, another way to put it, in this instance, the majority of the taxpayers in BC, who happen to live in the south, are subsidizing the minority living in the north.