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The Earth needs all the friends it can get!

Earthwords

Friends of the Earth CANADA E-Newsletter MArch 2007-Issue 17

Text Box: March 8th is International Women’s Day 2007 Learn how International Financial Institutions’ programs can have harmful impacts on gender equality and women’s lives around the world. Click Here

Text Box: On February 28th, FOE joined the Canadian Friends of Burma in protest of the Salween Dams Project , which aims to generate over 12,500 megawatts of electricity on the longest river in Southeast Asia. The Project could also result in the forced relocation of communities living in the area and grave environmental degradation. Read the Petition

Text Box: Be part of the solution! There are several ways you can make a difference: Donate Monthly Giving Charitable Gift Annuities Gifts of Stock & Securities Gifts of Property

A detailed plan for climate protection, released jointly by FOE Canada and Corporate Knights Magazine, provides a powerful signal to industry and individuals - it says the time has come to put a price on carbon and open the floodgates of innovation for a green industrial revolution in Canada.

By placing a clear price on carbon, the plan would harness over $20 billion per year to fund a low-carbon economy, while meeting Kyoto deadlines and new targets beyond. It provides a carbon fee schedule, identifies capital available for redeployment, and details the options available for each sector in Canada to make meaningful carbon emission reductions, including ordinary Canadians… read more

Powering Canada’s Green Industrial Revolution:

Practical Solutions to Global Problems

Industry & Individual Canadians—Everyone Must Do Their Part

How a price on carbon would affect ordinary Canadians through dedicated funds:

¨ Starting in 2008, a carbon tax of $50 per tonne of CO2e on fuels across the transportation sector (including freight trucks) will generate annual revenues in excess of $9 billion (based on 2004 levels), and will increase the cost of gasoline by about 10 cents per litre.

¨ Half of these funds will be shifted directly in the form of an income tax rebate to the households that reported an income of less than $80,000.

¨ $3 billion will go to a “Green Vehicle Fund” to provide rebates on purchases of bus passes, and 21st century trucking and railway infrastructure

¨ For homes and workplaces, a $50 tax on CO2e emissions at the fuel source for direct emissions from residential and commercial buildings will generate about $4 billion per year. These funds will provide capital for a “Green Building Fund” that gives zero interest loans to businesses and residents who wish to switch from heating oil to a better alternative.