Overview

• British Columbia's legislature passed a bill to eliminate the consumer carbon tax on March 31, 2025, effective April 1, following the federal government's decision to end its carbon tax backstop.
• Gas prices in the province are expected to decrease by approximately 17 cents per litre, with measures in place to monitor potential price gouging by oil and gas companies.
• The removal of the tax, introduced in 2008, creates a budget shortfall of $1.5 billion to $1.99 billion, prompting a review of the CleanBC climate action program.
• Premier David Eby acknowledged the tax's past success in reducing emissions but noted it had become politically divisive and a source of public affordability concerns.
• Opposition parties criticized the expedited legislative process, arguing it limited debate on the financial and environmental implications of the decision.