New Brunswick: Province opts for federal backstop on carbon pricing

The provincial government will align with its Atlantic Canadian counterparts by opting for the federal backstop on carbon pricing.

Pending federal approval, the federal government will be applying its carbon tax and will be responsible for redistributing the collected revenues. Under the federal backstop, 90 per cent of the revenues collected by the federal government are returned to individuals through rebate cheques.

Source gnb.ca

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