I’m glad President Obama recognizes that there is no Planet B after we succeed in destroying this one. British Columbia enacted a carbon tax in 2008. Since then its GDP has increased, its unemployment is slightly below the Canadian national average and fuel consumption per head has dropped by 4.5 percent.
Its successful carbon tax is based on revenue neutrality (no net tax increase), phased implementation, protection for families and broad coverage.
The Koch Industries leases 1.1 million acres in Canada’s oil sand regions of Alberta. A think tank study found that approval of the Keystone pipeline could generate $100 billion in profits for the billionaire Koch brothers, who have used their massive funds to push for its construction and sow doubt about climate change.
The Keystone article made no mention of the devastating oil spills we’ve already seen. A whistleblowing TransCanada Engineer reported that willful ignorance of engineering codes and regulations will make leaks more likely.
Obama is on the right track.