Vancouver, British Columbia, 16-June-2008 - On July 1st, 2008, B.C.’s carbon tax will take effect. The carbon tax was introduced in B.C.’s 2008 budget and will be applied at the consumer level. It has been structured as a revenue-neutral tax by incorporating reductions to both corporate and personal income tax, and through the payment of a Climate Action Credit to lower income households.

The carbon tax will appear as a line item on invoices for most fuels, and will be applied to all carbon-based fuels. The tax is based on the amount of greenhouse gases (GHGs) produced. Fuels will be taxed initially at $10 per tonne of GHGs produced, and the rate will escalate to $30 per tonne of GHGs by 2012. Examples of the carbon tax rate on common fuels are listed below.

Click here for the full list of carbon tax rates on all fuels for each year.

For further information click here to visit the British Columbia website.

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Energy Advantage Inc. provides total energy management solutions to our customers’ sustainability challenges, delivering them best results in managing their risks, reducing their costs and enhancing their reputation within the markets and communities they serve. Our company is fully independent from energy commodity and equipment suppliers. We sit with our customers on their side of the table, providing objectivity in seeking and developing the best solutions to their sustainability challenges. With a depth of expertise in the energy and energy related environmental areas, we have been providing notable North American organizations with effective energy management solutions for over 12 years.