Oil - related
revenue has dwindled since 2015 as a period of low prices reduced interest from producers and consumers in financial instruments that offer protection
against price
volatility, said Amrit Shahani, research director at Coalition.
In a bravura performance, Shultz articulated the rationales for a carbon tax (and
against cap / trade), including cap / trade's price
volatility and vulnerability to market manipulation, a carbon tax's straightforwardness, and the success (and
revenue - neutrality) of British Columbia's carbon tax, as well as the general power of pricing and the insurance value of a carbon tax.