Stephane Dion has confirmed what Martha Hall Findlay had earlier stated about green shift and its dubious claims of reducing CO2 emissions.
"Findlay said it's impossible to calculate the emission reduction numbers at this point, "because energy prices have gone up so much, we don't know how the shift will affect consumption," she said."
Dion at a speaking engagement in New Brunswick: "He also said they know this plan will reduce greenhouse gas emissions, but can't say for sure by how much until they see how industry reacts once it's implemented."
Oh, and just how does Dion think industry will react?
"When asked if those companies will simply pass the costs along to the customer, he said that's likely in the beginning, but will change as companies invest in greener technology to pay less tax."
Sure it will Stephane; because there are plenty of reasons for industry to invest their own money to reduce taxes that are already being passed on to someone else.
Lots of incentive in that plan isn't there?
Update: Dion puts his foot in his mouth again. "Mr. Dion said he would only put $3-billion of each annual surplus toward the debt, making any additional surplus available for spending priorities that may come up as a result of the green shift." h/t KerPlonka
Spending priorities as a result of the green shift? Wasn't this plan promised to be revenue neutral?