Trudeau’s climate ‘deal’: all pain, no gain

How much is moral leadership worth?

We’ll never know for sure. What we do know is that the price tag will be steep. Justin Trudeau’s new climate deal with the provinces will cost Canadians many, many billions, maybe more. Some will come directly from our pockets in the form of carbon taxes. Some of it will disappear by stealth, swallowed up in complicated cap-and-trade schemes, infrastructure investments, clean-tech subsidies and a whole thicket of new building codes and regulations. No cost-benefit analysis has been provided, or ever will be, because too much is subject to negotiation, and too much is impossible to measure even if you tried.

Mr. Trudeau is not a man to set his sights too low. His goal is to fundamentally change the way Canada produces and consumes energy. But his climate deal is not so much a master plan as a dog’s breakfast. The only thing we know for sure is that even if Canada were to miraculously achieve its 2030 target for reductions in carbon emissions, the net impact on global warming would be zero. Sadly, we just don’t count. If the coastal populations of the world are destined to drown in iceberg melt, they will anyway.

I know it’s cruel and insensitive to say these things. It’s like telling your five-year-old that there’s no Santa Claus. So I’m sorry. But the age of climate realism is at hand. Donald Trump is ascending to the White House, which means the age of climate idealism is dead. The news seems not to have arrived in Ottawa, where Mr. Trudeau seems to believe that he can single-handedly rescue the Paris Accord and persuade the rest of the world to do the right thing.

So what can we expect? First, we’ll have a federal carbon tax. Carbon taxes are allegedly efficient, transparent and easy to understand. But this is Canada, so good luck with that. In fact, every province will have a carbon tax equivalent that it will have to hammer out with the feds. Some provinces, such as Ontario and Quebec, won’t have a carbon tax at all.

They’ll have a cap-and-trade scheme, which is basically a black box into which tax dollars disappear. Ontario will collect $8-billion in cap-and-trade revenues over the next few years, mostly by charging more for gas and home heating. But greenhouse gas emissions will barely budge because Ontario will probably wind up buying carbon credits from California. Got it?

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Comments (5)

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    Amber

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    What the Trudeau -Lite government has done is sanction the outright robbery of
    current and future generations of Canadians . This is a jack ass who’s fiscal IQ
    is zero . He claims “budgets will balance themselves ” Hello ? When you are born with a silver spoon in your mouth and eaten on the publics dime almost your entire life
    this is the result .
    $ Billions to be peed down the drain to do absolutely nothing but enrich Tin Pot
    dictators and the Corporate sucks feeding off tax payers .
    At least the USA saw the light and will put an end to the worlds largest scam .
    Prime Minister Photo Op and the Premiers who are playing along are well aware that the jig is up not just in the USA but Japan and Europe yet they insist on screwing Canadians.
    Ontario Liberals have destroyed provincial competitiveness through a series
    of massive politically motivated blunders . No wonder Saskatchewan and Manitoba will have none of it . Christy Clark in BC renewed her sell out of BC even with the full knowledge BC ‘s neighbor Washington State just voted down a carbon tax proposition .
    Canadians like their politicians photogenic and stupid with the exception of Ontario where politically correct and stupid are in vogue currently .
    Trudeau is shoving the failed Dion agenda and when real-estate market collapses the wasteful added cost of a hot air tax is going to bit these political goofs in the ass .

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      GUY MOOSBURGER

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      Good comment.

  • Avatar

    GUY MOOSBURGER

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    And I voted for him and it hurts even more when I realized that he’s an idiot. But hopefully when Kathleen Wynne loses Ontario he might realize he’s only going to be a one term Prime Minster. However, I live in Saskatchewan and Brad Wall isnt holding back with his criticism of boy Trudeau.

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    Amber

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    Guy , Saskatchewan … Saskatoon the best prairie city and a Premier that stands up for the people in the Province . You got it made .

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    ninetyninepct

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    If Canada ceased to exist this evening, this very second, all life in Canada except plants disappearing, and ALL other countries that signed on in Paris met their advertised targets, it is estimated that the temperature might, just might be effected by .003 degrees by 2050. Three one thousandths of one degree. Liberal Canada is insignificant on the world stage.

    The only way Trudeau might come close to his targets on paper is to spend billions buying imaginary credits from somewhere. That money will only come from his Trudeau Carbon Tax and his $20 / ton start is pure BS. He will use the lame excuse that he is failing because all Provinces didn’t fall for his bullsht. His $20 start will explode to $50 in the second or third year in order to buy carbon credits from his foreign friends. His aim is to buy a seat in the UN using stupid gullible Canadians wages. He doesn’t give a damn about Canada. He loves himself.

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