HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1 The Greenhouse Gas Reduction Targets Act, S.B.C. 2007, c.42, is amended by adding the following section:

Salary holdback

4.1  (1) The salary otherwise payable under section 4 of the Members’ Remuneration and Pensions Act to each member of the Executive Council must be reduced:

(a) beginning in 2016, by 18%;

(b) beginning in 2020, by 33%;

(c) beginning in 2050, by 80%; and

(d) beginning in a target year named by order of the minister under section 2 (3), by the same rate as the BC greenhouse gas emissions reduction target established for that year.

(2) A reduction in salary, under this section, of a member of the Executive Council, becomes due and payable on the next day after the progress report prepared under section 4 for that calendar year is made public, if the target for that calendar year established under section 2 has been achieved.

(3) If total salary reductions for a member of the Executive Council under this section, section 3 of the Balanced Budget and Ministerial Accountability Act and section 5 of the Carbon Tax Act exceed 100%, the total holdback shall be 100%.

Commencement

2  This Act comes into force on the date of Royal Assent.

Explanatory Note

This Bill amends the Greenhouse Gas Reduction Targets Act to hold back additional compensation for members of the Executive Council if greenhouse gas emissions targets are not met.