How do you stop a carbon tax increase? Riot. A six month reprieve.
I was listening the the CBC (Canadas left-wing state-subsidized media) and not once did they mention the actual cost of this carbon tax was going to be a jump from €55 to €88.
Canada’s carbon tax is 30$. France was going to increase their carbon tax to 132$.
Don’t be surprised if Canada’s will jump that high if Trudeau is re-elected.
After the recent riots in France at the margins of the ‘yellow vests’ movement, the carbon tax adopted under François Hollande is expected to be revised downwards. EURACTIV France reports.
Having been expected to attend COP24 in Poland on Monday 3 (December), French Prime Minister Édouard Philippe cancelled his visit and instead held an increasing number of meetings with French MPs and ministers.
This resulted in a decision to back down on the French carbon tax, which has been criticised by the ‘yellow vests’ since the movement started a month ago.
It seems that the increasing tension, demonstrations and violence, and particularly the support of the French population for the ‘yellow vests’ movement – which is still strong – are the reasons for this U-turn, which will take the form of a freeze on the tax increase scheduled for January 2019.
The tax was supposed to increase from €55 to €88 per tonne of CO2 emitted on this date.