Thank you, Mr. Speaker. Mr. Speaker, having a revolving fund where you take a specific amount of money and put that aside, typically it's used for Crown corporations, for example for the airport where there's money in and -- going in and going out. It allows an entity to operate and conduct its operations with that revolving fund. Having it where there's a revenue source coming in and we take that percentage out, one of the concerns is that you actually wind up saying, all right, here's the $10 million that we're going to use for this initiative. And I think the Member's statement laid out quite well why carbon tax should really only be part of what we're doing, and we need to be looking at the impacts of climate change in the North, the impacts of GHG emissions. The fact that we're on the front lines of climate change, we need to be spending probably a lot more than just the amount that we're getting on the carbon tax to actually advance this. So that is one part of the hesitancy around a revolving fund. But, again, as I said, I do understand that we need to find a better way to explain to the public what we're doing with not only this fund but with a lot of the funds spread across multiple departments. And I am committed to finding a better way to do that. Thank you.
Caroline Wawzonek on Question 19-20(1): Carbon Tax Revenues Spent on Climate Change Adaptation
In the Legislative Assembly on February 7th, 2024. See this statement in context.
Question 19-20(1): Carbon Tax Revenues Spent on Climate Change Adaptation
Oral Questions
February 7th, 2024
Page 49
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