Get ready for a greener but poorer and slower economy

As the world’s fastest growing economies expand fossil fuels usage, carbon dioxide emissions, jobs and growth, Canada is going the opposite direction

Get ready for a greener but poorer and slower economyCanadians have generally accepted that carbon pricing is necessary to save the planet. But as taxes and consumer costs rise, promised green jobs fail to materialize and few others in the world seem serious about staying the course, it’s time for a rethink. Rising population and prosperity in the developing world will grow global demand…

Another province calls Trudeau’s carbon tax bluff

Wearing thin is the insistence from carbon tax proponents across Canada that there was no other way this could have played out

Another province calls Trudeau’s carbon tax bluffWhen the Alberta government introduced its carbon dioxide emissions tax, ministers often claimed that if they hadn’t, Prime Minister Justin Trudeau would impose his own tax, leaving taxpayers worse off. More than a year later, New Brunswick is challenging that ‘we have no choice’ assertion. In December, Premier Brian Gallant’s government announced that instead of introducing a…

A smart road map to lower carbon emissions? Look to Texas

Texas switched from coal to natural gas and dramatically cut carbon emissions. Why doesn't Canada follow its example?

A smart road map to lower carbon emissions? Look to TexasOne marvellous aspect of promoting a country or region’s comparative economic advantage – location, natural resources, the education rates of a population – is that if it’s allowed to blossom, that advantage pays dividends in multiple ways. Consider how Hong Kong’s natural geographic advantage was combined with the then-colonial British governing institutions – specifically, a commitment…

Canada’s economic dilemma: resource rich, investment poor

Across the country, governments seem intent on discouraging investment, and that hurts job creation, productivity and wage growth

Canada’s economic dilemma: resource rich, investment poorWhat drives business investment? Even after the precipitous decline in the price of oil in the second half of 2014, the answer in Canada is still natural resources. As newly-released data from Statistics Canada shows, in 2016 business investment per capita was highest in the energy-producing provinces. It was around $21,400 in Newfoundland and Labrador,…

“Green energy” fairy tale turning into a nightmare for Canada

Trudeau and his paladins remain convinced that their green energy dream will come true, if only they believe hard enough

“Green energy” fairy tale turning into a nightmare for CanadaOnce upon a time in a northern dominion called Canada, a thriving oil industry provided fuel for vehicles, trains and airplanes. There was also a large natural gas industry that kept the people warm during the long, cold winters and supplied the raw material for plants that manufactured plastics, detergents, fertilizer, synthetic clothing and a…

The death of the carbon tax revenue neutrality myth

Without B.C.'s revenue-neutral tax as a template, other provinces are free to indulge in foolish green fund spending orgies

The death of the carbon tax revenue neutrality mythThe dream of a revenue-neutral carbon tax is over. The notion of carbon tax perfection has always centred on revenue neutrality − whatever governments reaped by taxing carbon dioxide emissions would be returned to taxpayers via tax cuts in other areas. In this way, the overall cost of climate change policy would be nil. Taxpayers…

Ontario, Alberta carbon tax schemes defy economic common sense

Carbon taxes should replace, not add to, existing environmental regulations and subsidies

Ontario, Alberta carbon tax schemes defy economic common senseIn an episode of the television program Seinfeld, the bungling George Costanza tells his friends that he’s concluded that every instinct he has is always wrong. So Jerry suggests George should always do the opposite of his first instinct: “If every instinct you have is wrong, the opposite would have to be right.” Somebody ought…

B.C. budget abandons any hope for efficient carbon tax

Subsidizing green projects with revenue from carbon taxes may be politically popular but it’s fundamentally misguided policy

B.C. budget abandons any hope for efficient carbon taxBy Kenneth P. Green, Elmira Aliakbari and Ashley Stedman The Fraser Institute In its first budget, B.C. Premier John Horgan’s government recently said it would raise the carbon tax rate by 66 per cent over the next four years. And it rejected revenue neutrality, undermining the case for an economically efficient carbon tax. British Columbia’s…

Another blow to pipeline projects in Canada

The NEB plans to judge a project on the greenhouse gas emissions of the people who produce the oil, as well as those who eventually consume it

Another blow to pipeline projects in CanadaIt seems that hardly a week goes by without some new announced barrier to the construction of pipelines to allow Canadian oil to flow to markets other than the glutted United States. The National Energy Board (NEB) recently issued a news release announcing the topics to be considered in its assessments of the Energy East and…

Changing behaviour is only one aim of carbon taxes

A carbon tax used to subsidize alternate energy sources will accelerate the transition away from fossil fuel dependence

Changing behaviour is only one aim of carbon taxesPricing carbon is about much more than getting people to drive less. It’s also about generating the money we need to accelerate the process of getting our economy off fossil fuels and onto renewables. If a nationwide price on carbon is going to be successful, getting this part right is crucial. Our whole economic system…