Canada’s new Prime Minister, Mark Carney, has scrapped the federal consumer carbon tax, claiming it was too divisive and burdened citizens amidst rising living costs. Although the repeal faces criticism for relying solely on regulation,

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Prime Minister Mark Carney wasted little time in removing a potent point of attack for the Conservatives in recent years: the consumer carbon tax.

Carney says people who have been getting a rebate on the carbon price will get one final payment for the next quarter in April.

Following the move of new Prime Minister Mark Carney, B.C. Premier David Eby announced today the provincial carbon tax will be killed.

Prime Minister-designate Mark Carney, a Liberal who will replace Justin Trudeau on Friday, has said he plans to abolish a carbon pricing system that many residents have paid since 2019 on fossil fuel products, including gasoline, diesel and natural gas.

There will be no hike in provincial carbon taxes April 1, says Premier David Eby, who today announced the carbon tax is being scrapped, in line with the elimination of a federal carbon taxes.

B.C. Premier David Eby said his government is preparing legislation to scrap the province’s consumer carbon tax after Prime Minister Mark Carney reduced the federal version of the tax to zero on Friday as his first act in office.

The federal carbon price is set to rise from $80 to $95 per tonne on April 1 as part of the government’s scheduled annual increases. The price is on track to reach $170 per tonne by 2030 under the current policy.

B.C. Premier David Eby says his government is drafting legislation to scrap the province's consumer carbon tax following a promise from Prime Minister Mark Carney to do the same.