The January 14th Maclean's Magazine has an article titled:
99 Stupid Things Government Did with Your Money Last Year.
Number 61 is
the Pacific Carbon Trust. Let me quote:
"The B.C. Pacific
Carbon Trust was set up in 2008 to buy and sell carbon credits with the aim of
reducing carbon emissions, but critics say it has mostly served to transfer
taxpayer money from schools and hospitals to corporations. Over a year
virtually all $14 million worth of credits were purchased by school boards,
health authorities and other public agencies. (Agencies like BC Hydro)
Yet as the Canadian Taxpayers Federation noted, huge companies like Encana,
Canfor and Lafarge received an estimated $3 million by reducing carbon
emissions and selling credits to the trust."
