"...The Liberals are either governing in a fantasy universe or they are being deliberately reckless. How else do you explain that, in the same week our European allies were preparing to ration energy, being held hostage as they are by a murderous tyrant wreaking havoc in Ukraine, our government announced a dramatic acceleration of its plan to hobble the oil and gas industry?
Germany was foolish to phase out nuclear power and coal, especially as quickly as it had planned, leaving it at the mercy of unreliable wind energy and natural gas imports from Russia. Prime Minister Justin Trudeau and Environment Minister Steven Guilbeault refuse to learn any lessons from recent events. They’ve ignored the reality that our allies phasing out fossil fuels has done little to move their economies to green energy, and instead, Europe has helped fuel Russian President Vladimir Putin’s monstrous invasion of Ukraine. Given this self-imposed dependence, enacting a full oil and gas embargo on Russia is close to impossible..."
politicians have no business telling companies what to do with their profits. Increased corporate revenues also mean increased tax revenues. If the federal government wants to use the extra revenue it gains from the oil and gas sector during a boom period, then it is free to do so. What’s more, the federal government’s carbon tax increased to $50 per tonne on Friday and will eventually reach $170.
This is the government that cancelled Northern Gateway and introduced cumbersome regulations that encouraged the cancellation of the Energy East pipeline. It is the government that made the approval process for any energy project one of endless consultation and politicization. And, of course, it is this government that brought in the carbon tax.
Ontario carmakers, on the other hand, will be fine, as they will be able to produce government-mandated electric vehicles. It won’t matter whether they are economical to produce or to buy and maintain. Canadian consumers won’t have a choice
https://nationalpost.com/opinion/np-view-the-liberal-plan-to-smother-the-energy-industry
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