The clean fuel standard on top of an escalating carbon tax and onerous emissions targets will make everything more expensive
booming globally.
Well, the federal government seems to know that our oil and gas sector will have to shrink despite growing world demand. This is because in addition to steadily rising carbon taxes and the new CFS, they’ve arbitrarilyAdvertisement 4Requiring this drastic reduction by 2030 will force hasty and frantic changes as well as production cuts that will drive up energy prices for everyone while decreasing jobs and government revenues.
The fact that every manufacturer, farmer, trucker, and even commercial business owner on this side of the border has to pay these taxes on their fuel, heat, and power means everything is more expensive and will keep going up. Lower wages and job opportunities means we will be less and less able to afford it.Article content
As for our sacrifices saving the planet, carbon emissions are global. As Asia grows its economy, emissions are steadily rising. Canada can certainly “do its part” but other than massive LNG export to Asia, nothing we do with our declining 1.6 per cent share can meaningfully reduce overallThere’s one more major federal policy being pursued that might be the most expensive of them all: the demand that every province’s electrical grid get to net zero by 2035.
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