ANALYSIS: Behind Guilbeault’s ‘Social Cost of Carbon’ Speech

ANALYSIS: Behind Guilbeault’s ‘Social Cost of Carbon’ Speech
Environment Minister Steven Guilbeault speaks during the Canada 2020 Net-Zero Leadership Summit in Ottawa on April 19, 2023. The Canadian Press/Sean Kilpatrick
Matthew Horwood
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News Analysis
When the Parliamentary Budget Officer issued a report a few weeks ago saying the carbon tax is a “net loss” to most Canadian households, Environment Minister Steven Guilbeault said the report didn’t account for the costs of climate change itself, also tweeting that “the costs of inaction on climate change far outweigh the costs of taking action.”