Quebec unveils carbon tax

Quebec plans to adopt tough vehicle emissions standards and will become the first province to levy a “carbon tax” on oil and gas companies as part of an ambitious plan to fight global warming. The tax will raise about $200-million a year over six years, provincial government officials said yesterday, and will finance a $1.2-billion Green Fund to make reductions in greenhouse gas emissions called for under the international Kyoto accord. Environmental groups welcomed the measures, but a petroleum industry spokesman said the tax will be passed on to consumers…Mr. B

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