Conservatives Pledge to Eliminate Carbon Tax

0:00On April 1st, the conservatives are dropping a bombshell pledge, if they win power, they'll wipe out the carbon tax completely, not just the part. Hitting electricity bills, they argue its crushing British industry with extra costs that competitors abroad don't face. They're going all in, scrapping the UK emissions trading scheme from 2021 that caps carbon and heavy industry, power, and aviation soon. That includes ditching carbon price support for fossil fuel plants and the upcoming carbon border adjustment mechanism on imports starting January. Labor's firing back hard, calling it wrong and a hammer blow to industry, plus straight up hypocrisy, since Tory leader Kimi Vattanoch helped set up. Some of these rules herself. They say it's an unfunded billion's mess that it's stick working folks with the bill. Industry voices are split. ExxonMobile's UK chair blasts the system as unfair since refiners pay hundreds of millions in CO2 costs, affers our rival skip.

1:02A think tank warrants without a UK carbon price, we lose cash to the EU on exports like steel, questioning how Tory's hit net zero without these tools. This clash ramps up the battle over green policies versus jobs with Tory's pushing to revive manufacturing by slashing levies while Labor digs in. On climate commitments, watch how it plays out, come election time.