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BC Carbon Tax Pushes Gas Prices Up to Record

Posted Wednesday July 2, 2008, 11:34 am, Over one day old
Times Colonist. With British Columbia, Canada?s new carbon tax now in effect, gasoline prices in the province have climbed to a record high. The tax imposes a C$0.024/liter (US$0.09/gallon US) carbon levy on fuel; prices for regular gasoline in the...

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From British Columbia has imposed a tax on carbon

Posted Wednesday July 2, 2008, 11:30 am, Over one day old
"revenue raised will be returned to taxpayers. All revenue generated by the carbon tax will be returned to individuals and businesses through reductions to other taxes. None of the carbon tax revenue will be used for expenditure programs. (more?) The press reports that yesterday the price of gasoline in BC rose 10 cents (US$/gal), which is about the initial amount of the phased-in tax (9 cents). "

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