Conversations That Matter

Ep 481 - CleanBC’s $28.1-Billion Price Tag Guest:  Ken Peacock By Stuart McNish   The government of British Columbia is aiming to lower CO2 emissions by 40% by 2030. It’s a bold ambition – one that will reduce the BC economy by $28.1 billion, according to a model created by the CleanBC Roadmap. Ken Peacock, the Business Council of British Columbia (BCBC)’s Chief Economist, examined the model and discovered the stunning numbers.   Peacock says, “A $28.1-billion setback is significant.” After adding in emissions caps and a scheduled doubling of the carbon tax over the next seven years, Peacock points out, it “will dampen investment and cap exports.”    Peacock says, “We’re concerned about serious job losses and serious impact to income over the next six years.” Canada is already the poorest performing country in the OECD in per-capita GDP growth. According to BCBC’s analysis, provincial average annual economic growth will slow to 0.4 per cent in the second half of this decade. I invited Ken Peacock to join me f