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Sri Lankans break the Net Zero suicide pact

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What’s happening in Sri Lanka? After months of massive protests, President Gotabaya Rajapaska fled the country last month. He’s since resigned over email from the safety of Singapore. Probably a wise move. Crowds had stormed his official residence and set fire to the Prime Minister’s home.

Gota, as he’s known, played a key role in wrecking the economy. Inflation runs over 50% and the government has defaulted on 51 billion US dollars in foreign debt. In Sri Lanka, the power cuts out every day. There are shortages of fuel, and medicine. The UN predicts that a third of the population could soon be starving. Now the crowds have turned their fury on the governing elites who haven’t run away.

But why is the economy in ruins?

The government blames the Covid-19 pandemic. Mainstream media nods along, alluding to a few other things. But the obvious explanation – “suicide by Net Zero” – is ignored or dismissed as a crazy conspiracy theory.

Gota announced his new fertilizer policy at COP 26 (United Nations Climate Change Conference) in November 2021. He reminded everyone of Sri Lanka’s “national commitment” to halve greenhouse gas emissions by 2030 in pursuit of the now famous globalist goals of “Net Zero by 2050”, or now more commonly  known as simply  “Net Zero”. The problem, it was said, was that nitrogen emissions from “artificial fertilizer” are “a major contributor to climate change”. Gota was determined to lead the world in addressing that “problem”. He was going to make his whole country go organic!

It was clearly a green policy. And perfectly in synch with the exhortations of the other Zeros.

The British Deputy High Commissioner to Sri Lanka spoke of “a responsibility to take action – now”. The UN’s “Climate Action Champion” called for “ambitious policies”. COP President Alok Sharma said that the “window” for action was “closing fast”.

Canadian Mark Carney, UN Special Envoy for Climate Action and Finance, made the preposterous claim that “the global financial system has been transformed to deliver Net Zero”. And Prime Minister Justin Trudeau demanded that everyone “must do more, and faster.” No one warned Gota to slow down and think again.

And the result?

Sri Lankan farmers had been supplying – in full – the domestic Sri Lanka demand for rice since 2005, but only because they’ve been using those very same dreaded “artificial fertilizers”. Inevitably, six months into Gota’s hare-brained experiment, Sri Lanka was importing hundreds of millions of US dollars of rice, and domestic prices were soaring. Sri Lanka’s main source of export revenue and foreign currency is tea. Inevitably, production fell by a devastating 20 percent under Gota’s organic farming diktat.

And now? Disaster. Total disaster.

How do the climate apologists explain away what is going on in Sri Lanka?

The BBC reports that Gota’s demand that farmers use only organic fertilizers was meant to cope with “foreign currency shortages” but led to “widespread crop failure”.

And a “climate disinformation specialist” debunks the theory that “green policies” might “lie behind” Sri Lanka’s misery.

An “expert” says that Gota’s policy “had nothing to do” with his “environmentally sound, principled position”. Besides, he dropped it after “just” seven months. (Just seven months. What’s the big deal?) The fertilizer policy “hurt the economy” but “other factors” also “contributed”.

Non-experts might wonder whether things that “hurt” an economy may also “lie behind” its collapse. The obvious explanation is right: Efforts to implement Net Zero in Sri Lanka was the main cause of the Sri Lankan crisis, and of most “other factors” that contributed.

All this hysterical moralizing was a “sound, principled position”: according to the green extremists, climate change is an existential threat to life on earth. Everyone needs to act right now to achieve reductions in greenhouse gas emissions orders of magnitude greater than any in human history – and in less than a decade.

But now, as Sri Lanka sinks into abject misery, the Zeros say they didn’t really mean it. Sure, they wanted Gota to drive his country over a cliff – but not quite so fast.

Net Zero is inherently ruinous, not just in Sri Lanka, but everywhere it is tried. It implies economic collapse. Indeed it is designed to bring it about. The choice is stark: a functioning economy or Net Zero. No country can have both.

It was a form of “economic suicide”, but how else could Gota meet the radical targets to which he’d already agreed?

NEXT:  The Zero plan unfolds in the Netherlands and Canada

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An 18 year veteran of the House of Commons, Dan is widely known in both official languages for his tireless work on energy pricing and saving Canadians money through accurate price forecasts. His Parliamentary initiatives, aimed at helping Canadians cope with affordable energy costs, led to providing Canadians heating fuel rebates on at least two occasions.

Widely sought for his extensive work and knowledge in energy pricing, Dan continues to provide valuable insights to North American media and policy makers. He brings three decades of experience and proven efforts on behalf of consumers in both the private and public spheres. Dan is committed to improving energy affordability for Canadians and promoting the benefits we all share in having a strong and robust energy sector.

 

 

An 18 year veteran of the House of Commons, Dan is widely known in both official languages for his tireless work on energy pricing and saving Canadians money through accurate price forecasts. His Parliamentary initiatives, aimed at helping Canadians cope with affordable energy costs, led to providing Canadians heating fuel rebates on at least two occasions. Widely sought for his extensive work and knowledge in energy pricing, Dan continues to provide valuable insights to North American media and policy makers. He brings three decades of experience and proven efforts on behalf of consumers in both the private and public spheres. Dan is committed to improving energy affordability for Canadians and promoting the benefits we all share in having a strong and robust energy sector.

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Canada’s EV experiment has FAILED

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By Dan McTeague

The government’s attempt to force Canadians to buy EVs by gambling away billions of tax dollars and imposing an EV mandate has been an abject failure.

GM and Stellantis are the latest companies to back track on their EV plans in Canada despite receiving billions in handouts from Canadian taxpayers.

Dan McTeague explains in his latest video.

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Canada’s EV subsidies are wracking up billions in losses for taxpayers, and not just in the auto industry

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By Dan McTeague

To anyone who thought that the Liberals’ decision to postpone enforcement of their Electric Vehicle (EV) mandate by one year was part of a well-thought-out plan to get that disastrous program back on track, well, every day brings with it news that you were wrong. In fact, the whole project seems to be coming apart at the seams.

Here’s the latest crisis Mark Carney and his carnival of ideologues are having to deal with. Late last year, the Liberal party instituted a 100% tariff on Chinese-made EVs. The idea was to protect the Canadian EV industry from China dumping their vehicles into our country, at prices far lower than Canadian companies can afford due to their massive state subsidies. This has been a major problem in the EU, which is also attempting to force a transition to EVs.

But Beijing wasn’t going to take that lying down. Taking advantage of Western environmentalist sentiment is an important part of their economic plans — see, for instance, how they’ve cornered the global solar panel market, though the factories making them are powered by massive amounts of coal. So they retaliated with a 75% duty on Canadian canola seed and a 100% tariff on canola oil and canola meal.

This was big enough to really hurt Canadian farmers, and Ottawa was forced to respond with more than $300 million in new relief programs for canola producers. Even so, our farmers have warned that short-term relief from the government will do little if the tariffs are here for the long-term.

With pressure on Carney mounting, his Industry Minister Melanie Joly announced that the government was “looking at” dropping tariffs on Chinese EVs in the hope that China would ease off on their canola tariffs.

That may be good news for canola producers, but how about the automotive companies? They’ve grown increasingly unhappy with the EV mandate, as Canadian consumers have been slow to embrace them, and they’ve been confronted with the prospect of paying significant fines unless they raise prices on the gas-and-diesel driven vehicles which consumers actually want to make the EVs that they don’t really want more attractive.

That’s the context for Brian Kingston, CEO of the Canadian Vehicle Manufacturers’ Association, saying that dropping these tariffs “would be a disaster.”

“China has engaged in state-supported industrial policy to create massive overcapacity in EV production, and that plan is coming to fruition now,” Kingston said. “When you combine that with weak labour and environmental standards, Chinese manufacturers are not competing with Canadian, American, or Mexican manufacturers on a level playing field. We simply cannot allow those vehicles to be dumped into the Canadian market.”

The auto manufacturers Kingston represents are understandably upset about suddenly having to compete with underpriced Chinese EVs. After all, with the government forcing everyone to buy a product they really don’t want, are most people going to patriotically pay more for that product, or will they just grab whichever one is cheaper? I know which one I think is more likely.

And then there’s a related problem — the federal and provincial governments have “invested” somewhere in the neighborhood of $52.5 billion to make Canada a cog in the global EV supply chain. In response to Joly’s announcement, Ontario Premier Doug Ford, who has gone “all in” on EVs, wrote an open letter to the prime minister saying that canceling the tariffs would mean losing out on that “investment,” and put 157,000 Canadian automotive jobs at risk.

Now, it’s worth noting that automakers all over Ontario have already been cutting jobs while scaling back their EV pledges. So even with the tariffs, this “investment” hasn’t been paying out particularly well. Keeping them in place just to save Doug Ford’s bacon seems like the worst of all options.

But it seems to me that the key to untangling this whole mess has been the option I’ve been advocating from the beginning: repeal the EV mandate. That makes Canada less of a mark for China. It benefits the taxpayers by not incentivizing our provincial and federal governments to throw good money after bad, attempting to subsidize companies to protect a shrinking number of EV manufacturing jobs.

The heart of this trade war is an entirely artificial demand for EVs. Removing the mandate from the equation would lower the stakes.

In the end, the best policy is to trust Canadians to make their own decisions. Let the market decide.

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