Today's discussion:

Careful—an oil and gas emissions cap won’t just hurt Alberta

Climate policy isn’t cheap, so it’s natural to want others to pay for it. Excess burdens on Alberta’s oil and gas sector are far away, as the thinking may go, and can therefore be safely ignored. This is wrong. Canada’s provincial economies are deeply interconnected and shocks to one spillover onto others.

Read article

Comments (21)

Leave a comment

Your email address will not be published. Required fields are marked *

Please wait...
Your comment has been posted and should appear immediately.
You comment has been received but needs to be moderated before it appears.
Oops! Something went wrong. Please try again or contact us for help.
The Hub Staff

Trevor Tombe’s article highlights trade between provinces and how the oil and gas emissions cap affects the rest of Canada. What do you think about his arguments and his point about avoiding narrow regional approaches?

14th December 2023 at 7:50 am
RJKWells

For all their posturing in 2021, the Liberals have not once been to Alberta, Saskatchewan, or Newfoundland with some announcement on those ‘sustainable’ green jobs they promised for energy workers impacted by their ‘Just Transition’ policies. There’s no multi-billion dollar battery plant in the offing out West, because they don’t need the West.

Minister Guilbeault’s latest proclamation about an emissions cap has all the appearances of cranking up the volume on their enviro tunes, in the hope of luring in their detractors for yet another ‘divide and conquer’ fight they think they can win as they seek to revive their sunken polling fortunes.

14th December 2023 at 8:07 am
harrisrm@shaw.ca

Alberta will probably separate from Canada . Why stay when Canada wants to destroy your province

14th December 2023 at 12:33 pm
Kim Morton

Much has been written about how the cap will affect the West. What I have not seen is any information on how, or even if the same rules will be placed on East Coast offshore oil and foreign oil imported to East coast refineries.

14th December 2023 at 11:01 am
Barbara Benyon

The Equalization Program. Remember, where Alberta has to give away most of its oil and gas profits to the rest of Canada. Of course it will hurt everyone ! It’s absurd to kill the goose that lays the golden egg. Nay , it’s downright stupid.

14th December 2023 at 7:48 am
Michael F

Alberta makes up 18% of Canada’s GDP. And Alberta does not give away most of its oil and gas profits. That’s ridiculous.

14th December 2023 at 11:51 am
John Trainor

C02 comprises .02% of earth’s atmosphere…..there have been times, as represented in Arctic ice core samples, when C02 comprised 10 times and more that amount…….2 million years ago much of NOrth America was tropical …..that is before the next ice age when much of NA and Europe was covered in ice………today’s ‘climate crisis’ is a politically manufactured UN sponsored scam to bring down western democracies and re-instate the feudal system of kings and serfs……covid being the second barrel of the shotgun. The fools and fellow travelers who promote this nonsense on behalf of WEF and UN masters would have you believe that taxation will change the climate…..let’s see the verified proof of that.

14th December 2023 at 12:34 pm
Richard Courtemanche

Of course, there is climate change caused mainly naturally by the evolution of the Earth. However, expensive, inefficient and polluting eyesore wind turbines and solar panels are not solutions. How else is the government abusing fraudulent carbon taxes? What is going on with this Liberal “billion dollar green slush fund scandal”?

14th December 2023 at 12:15 pm
Pierre Filisetti

The one interregional conversation that needs even more focus should be about energy conservation and it should be taught in schools across the country.

14th December 2023 at 10:52 am
Jo

The carbon tax was always the best way of encouraging all of us cut back on carbon use provided we make sure those with less income and less ability to move to electric are not made too suffer the cost disproportionately. The liberal retreat from this policy makes no sense to me.

14th December 2023 at 8:52 am
A. Chezzi

I guess it will take an absolute disaster to wake up some people regarding the crisis of climate change. Forest fires, droughts, atmospheric rivers, hurricanes were not enough to convince some people that we are on the cusp, if not over the cusp of disaster. Facts don’t seem to reach those who continually deny climate change and push for more extraction of fossil fuels. Companies and governments continue greenwashing in an attempt to pretend that everything is all right. Alberta and other producing countries want to fill their coffers more and more but never think that one day soon, even with their coffers filled, they will not be here to enjoy the money. They are not immune to climate change even with their bank accounts overflowing.
The move away form fossil fuel will affect everyone not just Albertans but if we don’t move away from fossil fuels we will all be affected. We must adapt or perish. There is no choice. History teaches us that change is inevitable and if you don’t change, there is no future. There really is no choice but to reduce our dependency on fossil fuels and not in small steps but in a big move.

14th December 2023 at 9:02 am
Kim Morton

Are you including all the arson attacks on our forests by climate activists?

14th December 2023 at 10:59 am
Michael F

Another laughably clueless assertion. The woman in Alberta charged with arson was in 2021. What does that have to do with the fires in 2023? And yes humans cause fires out of stupidity. Three quarters of the fires in 2023 were caused by lightning strikes.

15th December 2023 at 1:25 am
Michael F

Care to offer some actual proof on that assertion? From a reputable source.

14th December 2023 at 11:46 am
Kim

Naturally. Read the papers. There was one woman in Alberta charged with 34 counts of arson. Of course she is a globull warming truther. Read the B.C. MoF reports on how many of our fires were human caused.

15th December 2023 at 1:12 am
RJKWells

Oil and gas will continue to be a part of our economy. The path to the less carbon-intensive environment (we’ll never be carbon-free, never) that you desperately seek today can only be achieved through innovation, not taxation.

Those who believe in taxing the prosperity of others to achieve their elusive goals are free to join the soon-to-be unemployed minister Guilbeault and Greta Thunberg to engage in glib protests and unfurl shallow banners.

Step aside and behold the wonder that is the free-market.

14th December 2023 at 10:11 am
Michael F

Utterly laughable. And I’m the one wearing blinders? If the ’08 crash was caused by government lenders why did the US government have to bail out the greedy bankers on Wall St? Socialism for the rich.

“His well grounded leadership and our solid banking system were key factors in Canada weathering that storm and coming out of the Great Recession stronger than any other G7 country.” Funny that the same thing is happening right now coming out of a much worse global economic shock in the pandemic but you can’t admit it. We are outperforming other G7 nations on inflation, have historically low unemployment and it’s looking entirely possible we’ll avoid a recession.

14th December 2023 at 2:18 pm
Michael F

A very large number of economists back carbon pricing. How did the wonders of the free market work out on Wall Street in 2008?

14th December 2023 at 11:47 am
RJKWells

Spoken like someone wearing blinders, Michael – cherry picking economists who back the dreadful practice of imposing carbon taxes, while failing to grasp the principles of ’cause’ and ‘effect.’

The subprime mortgage lending failures by Freddie Mac and Fannie Mae – both government institutions – were the tipping point that caused the Great Recession of 2008. Both found out the hard way what happens when you approve loans for people the banks wouldn’t qualify because of their poor credit ratings.

The reaction of the free-market (effect), including Wall Street, forced many governments to make the necessary corrections that took their countries out of the downward trajectory their free spending ways put them in. Thank God Stephen Harper was at the helm back then. His well grounded leadership and our solid banking system were key factors in Canada weathering that storm and coming out of the Great Recession stronger than any other G7 country. But I digress…

Brace yourself, Michael. We’ll not be so fortunate this time. The free lunch Ottawa has been serving over the last 8 years is coming to an end. The market is responding to their deficit financing practices – history repeating.

14th December 2023 at 1:54 pm
Michael F

Alberta makes up a little over 16% of Canada’s GDP. And the mining, oil and gas sector in Alberta makes up a little less than 22% of their provincial GDP and accounts for 6% of employment. Canada need not be held hostage by the special interests that cry over emissions cuts and regulations. Canadians want action on climate change. Over 100 countries including Canada lobbied hard for strong language on the phase out of fossil fuels at COP28. This government is not an outlier on this issue.

14th December 2023 at 12:03 pm
Kim

The people (I use the term loosely) that are pushing to end fossil fuels are the s@me people pushing for more poison pumping nuclear power. See the connection? It is all about money, and the nukers want more.

15th December 2023 at 1:17 am