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carbon credits

The reverse Robin Hood philosophy has been fully embraced by the Ontario government, an odd turn of events for the self-proclaimed "social justice premier." Nothing shows this philosophy better than the government's newest costly experiment, the cap-and-trade carbon tax.
The press release had a pretty stark headline: "Haida Announce Termination of Russ George." George was the guy who persuaded the small impoverished indigenous community of Old Massett on Haida Gwaii to part with over $2.5-million. He did so under the pretense that dumping iron in the ocean to stimulate a plankton bloom would net lucrative profits in the carbon credit market. Losing the rogue geoengineer may be good for optics, but it is a meaningless step unless the Haida also jettison his junk visions to manipulate the oceans and climate.
When Christy Clark took over as premier of British Columbia two years ago, she had a window of opportunity to change taxpayers' perceptions of her government. To improve her chances in the 2013 election, Clark needed to throw out unpopular and unworkable ideas brought in by her predecessor Gordon Campbell. In a symbolic way, she needed to string a huge banner over the B.C. Legislature that said, "Under New Management."
The B.C. government's Pacific Carbon Trust has become frighteningly adept at taking taxpayers' money--$14 million last year--and transferring it to big businesses. It's time for the provincial government to scrap the Trust, and end corporate welfare disguised as environmentalism. The numbers prove that transferring tax dollars to companies through the illusion of carbon neutrality is a massive failure.