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,

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

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

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

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.

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.

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.

British Columbia's government will follow through on its promise to repeal the province's consumer carbon tax after new Prime Minister Mark Carney moved to eliminate the federal version of the levy on Friday.

Mark Carney wasted no time making his first big move as prime minister of Canada. Just hours after being sworn in on Friday, he signed an order eliminating the federal carbon pollution pricing on consumers — better known as the carbon tax — following through on a key promise he made during his Liberal leadership bid.