British Columbia began collecting increased tax revenue on fossil fuels on July 1 with a promise to rebate those taxes through reduced income and business tax rates. This "revenue recycling" plan makes little progress toward the province's goal to reduce CO2 emissions 33% by 2020, yet it is hailed by proponents as a legislative milestone. Others believe B.C. residents are victims of another governmental "bait and switch" program. Does it matter to the rest of the world?.