A report from the Conservative majority Standing Senate Committee on Energy, the Environment and Natural Resources, chaired by Mulroney appointee and CPoC supporter David Angus .
The committee found near unanimity among witnesses – from the petroleum industry to environmental organizations – that supported pricing carbon as the most efficient way to reduce emissions. Given the choice, most witnesses favoured carbon taxes over cap-and-trade but both are market-based approaches for pricing carbon and both can be levied at different stages along the fossil fuel supply chain.
Generally, witnesses stated that a carbon tax would be more economically efficient and less complex to administer than a cap-and-trade system. For either method, it was stressed that carbon pricing should be applied broadly and uniformly throughout the economy and across Canada.
What should strike you is the bleeding obviousness of it all. Full report is here.