I farm in Canada which has a carbon tax, $65/ton. We’re in the grip of terrible drought and I’ve sold all my livestock. Thought maybe I could do the world a little good and maybe make some money off my empty pastures by planting some trees or something.
After talking to the regulators it was obvious it’s a HUGE fraud. There’s so much red tape, and by the time you’re done talking to them you find out that you can make $1-5/ton for sequestering carbon. And due to flat fees in the regulatory structure, it’s really just designed to funnel this money to huge landowners and not to encourage anyone who cares to plant trees or do anything really.
So working Canadians are forced to pay $65/ton to heat their homes and drive to work, but big emitters buy bogus credits for under $5 and continue to pour out pollution while claiming to be “carbon neutral”. It’s the Canadian way