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Richmond council backs carbon tax
Richmond’s civic politicians are sending the province a letter of support to maintain the B.C. carbon tax.
On Monday, city council endorsed a resolution to voice its approval of the tax, provided it doesn’t negatively impact low-income earners or create a strain on local businesses.
The province instituted the carbon tax in 2008 and is currently reviewing it in preparation of the 2013 budget.
The current tax rate is 7.2 cents per litre of gasoline, 8.3 cents per litre for diesel and $1.50 per gigajoule of natural gas.
Council is also suggesting that “a significant portion” of carbon tax revenue be set aside for local governments to spend on transportation and renewable energy projects to reduce emissions.