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Bell: Done! Danielle Smith expected to ink MOU pipeline deal with Carney by Friday
(ca.news.yahoo.com)
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Whatever the quality of her words are, she's proven herself untrustworthy, passing a direct investment credit barely a week after November's MoU that would drive down the effective industrial carbon price. My doubts of her government keeping its end of a deal this time is founded on documented past conduct.
Why should we put carbon taxes on our oil to make it less competitive? That seems counter intuitive to me, and should be abolished.
This is because we bear the cost of oil companies extracting fossil fuels from under our feet, burn it to pollute our air, pollute our water with direct and down-chain products, making us sick and costing taxpayers again. These are called externalities, which in effect becomes a socialized cost and privatized profit. Bankrupt shell companies put the cleanup for their operations on us and the fees Alberta charges to cover end-of-life costs are far too small.
So, a carbon tax is the free-market, economic solution to use price signals to accurately appraise the cost to humanity, which Smith's government is distorting.
All it does is move buyers to other sources without the carbon tax. Carbon tax, imposed by government, is the opposite of the free market.