B.C. is poised to scrap its consumer carbon tax. How will it replace the revenue? – BC [Video]

British Columbia’s consumer carbon tax could be headed for the scrap heap within weeks or months, but questions remain about how the government will make up for the hole it creates in the provincial budget.

Ahead of the 2024 provincial election, B.C. Premier David Eby pledged to eliminate the consumer price on carbon if the federal government drops its requirement for provinces to have one.

That outcome appears likely, and soon.

Both frontrunners in the federal Liberal leadership race, Mark Carney and Chrystia Freeland, have vowed to drop the consumer-facing tax. Freeland says she would replace it with a policy developed in collaboration with the provinces, while Carney says he’d replace it with a policy to incentivize consumers to make green choices.

Liberals will elect their next leader — who will become prime minister — on March 9, days after B.C. presents its provincial budget.

“If — when, in fact — the federal government steps back from …