Commentary By any standard, the London meeting of finance ministers of the Group of Seven leading Western economies a week before the G7 leaders’ summit was historic. By committing to transformative structural change to meet net-zero greenhouse gas targets and other environmental objectives, G7 finance ministers turned themselves into adjuncts of their environment ministries. Considerations…
Farmers Have a Lot on Their Plate as Costs, Food Prices Expected to Rise
Canada’s agriculture sector is grappling with soaring demand, rising costs, and a worker shortage while also facing pressure to reduce its carbon footprint.
Rising Food Prices and Operating Costs Are Plenty for Farmers’ Plate
Canada’s agriculture sector is grappling with soaring demand, rising costs, and a worker shortage while also facing pressure to reduce its carbon footprint.
Australian PM Steers Clear of Trudeau Style Carbon Pricing Model
April 25, 2021
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The Australian prime minister has said he will steer clear of Canadian Prime Minister Justin Trudeau’s approach to addressing climate change—via aggressive emissions targets—and would instead continue developing new technologies to deliver renewable energy to the country. “We are working to our plan, in Australia’s national interest,” Prime Minister Scott Morrison told reporters. When questioned…
I Will Not Tax Our Industries ‘Off the Planet’ for Net Zero: Australian PM
April 19, 2021
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Prime Minister Scott Morrison has vowed to protect industry from “punishing” climate change taxes as the government sets a tentative net-zero target of 2050. Just days away from a global climate summit, to be chaired by U.S. President Joe Biden, Morrison said Australia would chart its “own course” on how to transition to renewable energy,…
O’Toole’s Flip-Flop on Carbon Tax a Strategic Blunder of Epic Proportions
Commentary Try as I might, I just can’t find a single positive aspect of Erin O’Toole’s bizarre flip-flop in embracing a carbon tax policy after almost a year of vociferously opposing Canada’s current carbon tax. O’Toole had already been making his core supporters uncomfortable with his policy shifts to the left in recent months. In…
Conservative Alberta Unhappy With O’Toole’s Carbon Proposal
Albertans more than those in any other jurisdiction are opposed to a carbon tax, and many in the heart of Tory territory are expressing displeasure with the Conservative Party’s newly introduced price on CO2. Franco Terrazzano, Alberta director for the Canadian Taxpayers Federation (CTF), told The Epoch Times that many in the province are upset….
EU to Slap Carbon Tax on Australian Exports
April 1, 2021
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The United Kingdom and the European Union (EU) may soon hit Australian exports with carbon tax policies designed to compel European trading partners to reduce emissions. On March 10, Members of the European Parliament adopted a resolution to support a carbon tax, otherwise called the “carbon border adjustment mechanism” (CBAM). Details are to be presented…
Experts Weigh In on Supreme Court Carbon Tax Ruling
The matter of carbon taxes and whether Ottawa retained ultimate authority to impose them on recalcitrant provinces under the auspices of fighting climate change finally had its day in Canada’s highest court, and the Greenhouse Gas Pollution Pricing Act was deemed constitutionally sound. Proponents of the federal policy lauded the 6–3 split decision, but University…
Carbon Tax Hike Shows High Cost of Federal Scheme vs Quebec’s
News Analysis The April 1 increase in the federal carbon tax to $40 per tonne highlights the high cost of the federal pricing scheme compared with the cost to Quebecers under their provincial cap-and-trade policy, whose current carbon price is roughly half that amount. Trevor Tombe, an economics professor at the University of Calgary, said…
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