CleanBC plan could ‘ruin’ the province’s economy, says BC United leader
The leader of B.C.’s official opposition is criticizing the NDP’s CleanBC plan following the release of a study that shows the potential for negative economic impacts.
The Business Council of British Columbia (BCBC) released a report in August stating the “government’s own modelling shows its CleanBC plan will dampen economic growth and set B.C.’s prosperity back more than a decade.”
The report stated the CleanBC Roadmap policies “will result in B.C.’s economy being $28.1 billion smaller in 2030 than would be the case in the absence of its additional policies” when compared to the B.C. GDP projections dating back to 2017.
The BCBC report stated the economic impact of the plan, aimed at reducing greenhouse gas emissions, would “mean lower average incomes, fewer job opportunities, less government revenue, and a meaningful decline in B.C.’s overall prosperity.”