B.C.s consumer carbon price is dying. How will the province make up the revenue? [Video]

With British Columbia’s consumer price on carbon expected to be gone within weeks, the government is looking at a potential multi-billion dollar hole in its budget, with no easy solution to fill it.

As one of his first acts in office, new Prime Minister Mark Carney slashed the federal requirement for a carbon price to zero.

British Columbia Energy Minister Adrian Dix said his government will now follow through on a pledge to axe B.C.’s own consumer carbon price — Canada’s first — in response.

“You won’t have long to wait. The province will be introducing legislation before the end of the fiscal year, which is March 31,” Dix said.

“The premier was very clear that if the federal government acted to remove the consumer carbon tax, that we would follow suit and we are.”

According to B.C.’s 2025 budget, the consumer carbon price was forecast to generate about $2.8 …