Prime Minister Mark Carney has officially canceled the consumer carbon tax, effective April 1. Initially imposed by the Trudeau government in 2019, the tax aimed to encourage a transition to greener energy but faced sharp opposition from various provincial governments. Carney, who had initially supported the tax, reversed his position amid leadership campaigning. While the cancellation promises immediate relief at the gas pump, experts warn that the absence of the related carbon rebate may have longer-term financial implications for consumers.
Carney's cancellation of the consumer carbon tax comes after his initial support and reflects a shift toward addressing divisiveness during his leadership campaign.
The removal of the carbon tax will result in immediate cost savings at the pump, but experts warn of future impacts due to lost carbon rebates.
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