Carbon taxes are being considered and/or implemented across Canada, both provincially and at the federal level. The Trudeau government is rolling out its tax in April. This will have widespread effects on the trucking industry.
Here is what we know about the federal carbon tax:
What does this mean for the trucking industry? The Federal Carbon Tax Backstop being implemented by the federal government has a few shortcomings:
As a whole, the trucking industry supports greenhouse-gas-emission reduction and protecting the environment. Newer models of trucks are featuring technologies that significantly improve fuel efficiency and reduce GHG emission even though it comes with a much higher price tag.
The federal carbon tax program is claimed to return 90 per cent of the revenue to the residents of the affected provinces, however, we are still not aware of any logical plan to directly incentivize trucking companies to continue investing in technologies and equipment that will contribute to a healthier environment for generations to come.