Whether the ice caps melt (The Arctic will be first) or not we will be experiencing some climatic changes that if Canada plays it's cards right we can become an economic leader. Our success will play havoc on the value of our dollar against the world's currencies but it can be compensated by changing the tax structure towards taxing exports of some in demand resources and lowering our personal income tax and employer taxes to compensate. Changes needed will have to be a North American solution - Canada can not do it alone. We need a North American Carbon tax on fuel - this will make it more economic to convert resources and manufacture goods within our borders rather than have them made off shore.
Putting a tax at the consumer level on carbon purchases will feed government coffers rather than boardroom coffers and help to temper the price of oil at the well head. Mexico and Venezuela according to Jeff Rubin's book "Why your world is about to get smaller" are soon to lose their oil export business as they will need every drop for their own consumption. Canada can fill in the gaps to the North American market and Nat Gas will become more fuel than waste to be burned at the well head. Good times are ahead if we could only get our politicians heads out of the sand.
Putting a tax at the consumer level on carbon purchases will feed government coffers rather than boardroom coffers and help to temper the price of oil at the well head. Mexico and Venezuela according to Jeff Rubin's book "Why your world is about to get smaller" are soon to lose their oil export business as they will need every drop for their own consumption. Canada can fill in the gaps to the North American market and Nat Gas will become more fuel than waste to be burned at the well head. Good times are ahead if we could only get our politicians heads out of the sand.
