Why is Alberta’s policy a regulation and not a tax?
Alberta’s government officially says it doesn’t have a
carbon tax, and I agree. But if I had a dollar for every time I’ve heard
someone claim it does, I could buy a lot of anti-oil sands ads, and maybe a
politician along the way.
I hear about Alberta’s so-called carbon tax from business
people, politicians, journalists, environmentalists, sometimes even economists (who
should know better). But the policy in question is, in fact, a “performance
regulation,” that sets a maximum “emissions-intensity” for industries, and fines
them $15 for each tonne of CO2 emissions in excess of that maximum.