Pop-up tax boutique: the home reno tax credit

The first major election promise from the federal Conservatives: a permanent home renovation tax credit. On the surface this looks like an astute manoeuvre, given that home renovation has been booming in recent years. Canadian Press called the proposed credit a “big budget campaign promise,” but on closer inspection it is pretty…
Read more

Energy and climate in the Harper decade

The costs of climate change are piling up, and can no longer be ignored. 2015 is poised to be a landmark year, with a new global treaty on climate to be signed in Paris. In contrast, the Harper decade succeeded in stalling any meaningful climate action. The PM’s record is…
Read more

The case against a revenue-neutral carbon tax

I’m a fan of carbon taxes, but increasingly I see the term “revenue-neutral” attached to it. Where I live, in BC, we have perhaps the most prominent example of a revenue-neutral carbon tax, and carbon tax advocates have come to promoting the BC model to other jurisdictions, such as Ontario, who are…
Read more

Financial Risk and Alberta’s Tar Sands

When it comes to global warming, the Intergovernmental Panel on Climate Change notes that what matters is the total volume of greenhouse gas emissions going forward. This amounts to about 30 years of emissions at current levels – a global carbon budget that would provide the world a 66% chance of…
Read more

Will Enbridge’s Pipeline Ever Get Built?

You have to wonder why the Harper government bothered with process at all. It’s like there was never any doubt that Enbridge’s Northern Gateway pipeline would get approved. But historians may look back on this moment as the beginning of the end of pipeline politics. Opposition to Enbridge’s Northern Gateway…
Read more

LNG: BC’s Quest for a New Staple Industry

I have a post as part of a new series from the Progressive Economics Forum celebrating 50 years of Mel Watkins’ publication of “A Staple Theory of Economic Growth.” Watkins’ piece follows the insight of Harold Innis to develop an understanding of economic growth uniquely rooted in the Canadian experience….
Read more

IPCC: Time for a Global Carbon Budget

Political commitments on climate action, to the extent they exist, are usually pitched in terms of targets and timelines. BC, for example, has a legislated target of 33% below 2007 levels by 2020; Canada’s official target is a 17% reduction by 2020 relative to 2005 levels. Neither target will be…
Read more