Federal carbon tax could ‘degrade’ Canadian fishing industry’s competitiveness

The federal government’s carbon tax could take a toll on Canada’s fishing industry, causing its competitiveness to “degrade relative to other nations,” according to an analysis from the fisheries department.,, According to the analysis, the fishing sector would need to absorb annual fuel cost increases of 2.1 per cent, or $5.2 million, under a carbon price that increases by $10 per tonne annually to $50 per tonne in 2022. The commercial fishing sector would be hardest hit, it finds, as fuel costs account for more than nine per cent of production costs. >click to read<

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