This myth has been thoroughly debunked. Studies from around the world, and here in Canada, show that carbon pricing works — especially for industry, where large emissions reductions can be achieved with relatively modest price signals.

Carbon pricing isn't just a revenue tool. It shifts the economics of decision-making, so it’s more profitable to pollute less. The goal isn’t to raise money — it’s to lower pollution. And it’s working. Don’t let misleading headlines distract from the evidence.

Canada's industrial pollution price includes built-in protections against something called carbon leakage — which is when big polluters move their emissions (and their jobs) to countries with weaker climate rules. These built-in protections against unfair competition from jurisdictions and businesses that aren't addressing climate risks are what make our industrial carbon pricing policy smarter and stronger, not weaker.