Canada’s new Prime Minister, Mark Carney, has scrapped the federal consumer carbon tax, claiming it was too divisive and burdened citizens amidst rising living costs. Although the repeal faces criticism for relying solely on regulation,

Prime Minister Mark Carney wasted little time in removing a potent point of attack for the Conservatives in recent years: the consumer carbon tax.

Carney says people who have been getting a rebate on the carbon price will get one final payment for the next quarter in April.

Prime Minister-designate Mark Carney, a Liberal who will replace Justin Trudeau on Friday, has said he plans to abolish a carbon pricing system that many residents have paid since 2019 on fossil fuel products, including gasoline, diesel and natural gas.

OTTAWA—Mark Carney took over Friday as Canada’s prime minister, planting a former central banker known for navigating crises in the middle of a trade war with President Trump and likely kicking off a national election.

The Liberal government in Canada has ended the consumer carbon price immediately. This decision was made official during Prime Minister Mark Carney’s first cabinet meeting on Friday afternoon. Carney stated that people who have been getting a rebate on the carbon price will get one final payment for the next quarter in April.

Mark Carney has been sworn in as Canada's new prime minister, succeeding Justin Trudeau. Here's how some leaders and politicians are reacting to his appointment. "I'd like to begin by … wishing Mr. Trudeau a happy retirement and all the best to his family and congratulating Mr.