We all know that destructive fires, floods, droughts and storms are imposing new costs on families, and ratcheting up the climate bill for Canada as a whole. Effective policies that reduce carbon pollution — like the industrial carbon tax — are one way to get these costs under control now, before it’s too late. Our kids can’t afford to wait any longer for us to take real action to reduce the unpaid bills we’re running out on.

High-polluting countries like Canada that fail to take serious action are increasingly at risk of being held financially responsible for the damage they help create. International law has already affirmed that such inaction is “wrongful,” exposing us to enormous compensation and mitigation costs down the road. We can head off this risk — and protect the future prosperity of our children and grandchildren — by upholding and strengthening our industrial pollution pricing policies today.