New Canada Prime Minister, Mark Carney gives reason for terminating consumer carbon price

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The Liberal government in Canada has immediately ended the consumer carbon price.

This decision was made official during Prime Minister Mark Carney’s first cabinet meeting on Friday afternoon. Carney confirmed that individuals receiving a rebate on the carbon price will receive a final payment for the upcoming quarter in April.

While cameras were present in the cabinet room, Carney signed an order-in-council to make the move official.

“It’s a really good move,” said Agriculture Minister Kody Blois, suggesting that the policy had become highly divisive. He mentioned that the Atlantic Liberal caucus had previously advocated for changes to the carbon price, securing an exemption for home heating fuel in 2023.

During his leadership campaign, Carney pledged to end the consumer carbon price and also promised to increase the industrial price for major polluters.

The consumer carbon pricing policy had faced significant opposition and had been a major target of Conservative criticism for over two years.

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