IMF Calls for Higher Taxes on Fossil Fuels Around the World, including Canada

Getting Energy Prices Right: From Principle to Practice “green-shift” tax analysis calculates the cost of carbon energy – including health effects of pollution – in 156 countries, and proposes precise levels of taxation: higher levels on fossil fuels, and lower levels on people and capital. Their prescription is gradual tax increases which would be balanced by decreases to income taxes – for Canada, the tax increases average out to about 52% on gasoline and diesel.

Canadian Finance Minister Joe Oliver rejected the proposals, according to a report at the CBC website at: See also the Globe and Mail article at:

The full report is available for purchase ($28) at:


Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s