Dan McTeague
Carney… how he got the top job is a national scandal
Dan McTeague
Remember that he is the founder and co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ,) and its subgroup, the Net-Zero Banking Alliance (NZBA), which seek to harness the might of global finance to force Net-Zero on people who would never vote for it, and stop banks from investing in oil and gas projects, to the detriment of both their shareholders and the wider Canadian economy.
Well, the coronation is over, and it was exactly as anti-climactic as I expected it would be. The Liberals pulled out all the stops to get Mark Carney over the finish line, preventing real challengers from running, and carefully stage-managing the whole farce so that (with the notable exception of Frank Baylis) no one even attempted to discuss anything of substance.
And, after all of the water-carrying and kool-aid slinging, 150,000 people — in a nation of 40 million — got to choose our newest prime minister, a man who has never submitted himself to the voters, who doesn’t even have a seat in parliament.
It is a national scandal.
To me this is all a perfect encapsulation of what the Liberal Party of Canada has become since Justin Trudeau took the reins in 2013. As a decades-long member of that party, and having had the honour of serving as a Liberal Member of Parliament for 18 years, I can attest to the fact that it was once a party of practicality and diverse viewpoints — the most important kind of diversity there is — all ordered toward the good of our beloved nation.
But once Justin took over, on the strength of the Trudeau name, it quickly devolved into a cult of personality, built on hair and socks, and animated by fluffy, far-left magical thinking from which good Liberals were forbidden from dissenting. Out went practicality and any concern for good governance. In came the world’s “first post-national state,” and Net-Zero carbon emissions. Why? Because it is the current year.
Well, predictably, it all fell apart, though it took some time for Team Trudeau to spend down the capital we built up over the years, when better men and women were in power. And now that we Canadians find ourselves in a tough spot of his creation, Justin has handed the keys over to his hand-picked successor and co-conspirator, Mark Carney.
But aside from the man at the helm, what is actually going to change?
Nothing of substance.
Sure, Carney has offered some criticism of Trudeau’s Carbon Tax, but only once the public had soured on it. Even then, he began walking back his support by saying the Carbon Tax had “served a purpose up until now,” and he’s now pledging that his government will “immediately eliminate the consumer Carbon Tax,” which is to say, the portion of the tax which is most visible to voters.
That really is his problem with it — not that it makes it harder for working Canadians to gas up their cars, heat their homes, or afford groceries. No, it’s because the tax is paid by consumers directly, and so it’s too easy to see how it’s making our lives more expensive. Meanwhile, the industrial Carbon Tax, which is paid by businesses, will remain untouched, or perhaps raised, despite the fact that those costs will ultimately be passed on to the consumers.
This “sneaky” move is characteristic of Carney’s career thus far. Remember that he is the founder and co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ,) and its subgroup, the Net-Zero Banking Alliance (NZBA), which seek to harness the might of global finance to force Net-Zero on people who would never vote for it, and stop banks from investing in oil and gas projects, to the detriment of both their shareholders and the wider Canadian economy.
This scheme came apart pretty quickly earlier this year, as banks in both the U.S. and Canada withdrew from Carney’s pet projects in response to accusations that they were engaged in collusion. But even so, this story tells us quite a lot about Carney’s “Green” elitist instincts.
These could be summed up as follows: Never trust regular people to make decisions about their own lives. Make those decisions for them, and at such a high altitude that they’ll have no one to complain to once they realize that something has gone wrong.
This is not the way to prosperity, especially with the perilous economic threats we’re currently facing. Trump’s tariffs have bite because Trudeau and Carney have left our economy in such a precarious state.
And now Carney is proposing that we go toe-to-toe with the world’s largest economy while continuing to smother our own economic vibrancy with essentially the entire Net-Zero superstructure intact — excluding, apparently, the Consumer Carbon Tax, but including the Industrial Carbon Tax, “Clean Fuel” regulations; Electric Vehicle mandates; and the heaps of legislation and regulations which impede our building new pipelines and selling our oil and gas overseas. It’s madness!
Unfortunately, Donald Trump is doing his darndest to help them attempt it. I’m skeptical of the current polling numbers which show the Liberal Party soaring. I know enough of these pollsters to know where their sympathies lie, and whom they owe favours to. But the Rally ‘Round the Flag sentiment is real. And the people who put Carney in power are hoping it will last long enough to keep them competitive in an election. Maybe it will.
Hopefully Pierre Poilievre’s Conservatives can stop that from happening. And their best bet would be to acknowledge what I’ve been saying for quite some time — that “Axe the Tax” is not enough. That the more they rely on piecemeal policies, bandaids for the gaping wounds in our economy, the easier it is for Carney and the Trudeaupians to just adopt their own twisted versions of them while ultimately changing nothing at all.
So Mr. Poilievre should pledge to not just Axe the Tax, but to Nix Net-Zero. The good of all Canadians, no matter their party, depends on it.
Dan McTeague is President of Canadians for Affordable Energy
Business
Liberal’s green spending putting Canada on a road to ruin
Once upon a time, Canadians were known for our prudence and good sense to such an extent that even our Liberal Party wore the mantle of fiscal responsibility.
Whatever else you might want to say about the party in the era of Jean Chrétien and Paul Martin, it recognized the country’s dire financial situation — back when The Wall Street Journal was referring to Canada as “an honorary member of the Third World” — as a national crisis.
And we (remember, I proudly served as Member of Parliament in that party for 18 years) made many hard decisions with an eye towards cutting spending, paying down the debt, and getting the country back on its feet.
Thankfully we succeeded.
Unfortunately, since then the party has been hijacked by a group of reckless leftwing fanatics — Justin Trudeau and his lackeys — who have spent the past several years feeding what we built into the woodchipper.
Mark Carney’s finally released budget is the perfect illustration of that.
The budget is a 400 page monument to deficit delusion that raises spending to $644.4 billion over five years — including $141.4 billion in new spending — while revenues limp to $583.3 billion, yielding a record (non-pandemic) $78.3 billion shortfall, an increase of 116% from last year.
This isn’t policy; it’s plunder. Interest payments alone devour $55.6 billion this year, projected to hit $76.1 billion by 2029-30 — more than the entire defence budget and rising faster than healthcare transfers.
We can’t discount the possibility that this will lead to a downgrade of our credit rating, which will significantly increase the cost of borrowing and of doing business more generally.
Numbers this big start to feel very abstract. But think of it this way: that is your money they’re spending. Ottawa’s wealth is made up entirely of our tax dollars. We’ve entrusted that money to them with the understanding that they will use it responsibly. In the decade these Liberals have been in power, they have betrayed that trust.
They’ve pursued policies which have made life in Canada increasingly unaffordable. For example, at the time of writing it takes 141 Canadian pennies (up from 139 a few days ago) to buy one U.S. dollar, in which all of our commodities are priced. Well, that’s .25 cents per litre of gasoline. Imagine what that’s going to do to the price of heating, of groceries, of the various other commodities which we consume.
And this budget demonstrates that the Carney era will be more of the same.
Of course, the Elbows Up crowd are saying the opposite — that this shows how fiscally responsible Mark Carney is, unlike his predecessor. (Never mind that they also publicly supported everything that Trudeau did when he was in government.) They claim that Carney shows that he’s more open to oil and gas than Trudeau was.
Don’t believe it.
The oil and gas sector does get a half-hearted nod in the budget with, for instance, a conditional pathway to repeal the emissions cap. But those conditions are important. Repeal is tied to the effectiveness of Carney’s beloved industrial carbon tax. If that newly super-charged carbon tax, which continues to make our lives more expensive, leads to government-set emissions reductions benchmarks being met, then Ottawa might — might — scrap the emissions.
Meanwhile, the budget doubles down on the Trudeau government’s methane emissions regulations. It merely loosens the provisions of the outrageous Bill C-59, an act which should have been scrapped in its entirety. And it leaves in place the Trudeaupian “green” super structure, which has resource sector investment, and any business that can manage it, fleeing to the U.S.
In these perilous times, with Canada teetering on the brink of recession, a responsible government would be cutting spending and getting out of the way of our most productive sectors, especially oil and gas — the backbone of our economy.
It would be repealing the BC tanker ban and Bill C-69, the “no more pipelines act,” so that our natural resources could better generate revenue on the international market and bring down energy rates at home.
It would quit wasting millions on Electric Vehicle charging stations; mandating that all Canadians buy EVs, even with their elevated cost; and pressuring automakers to manufacture Electric Vehicles, regardless of demand, and even as they keep closing up shop and heading south.
But in this budget the Liberals are going the opposite direction. Spend more. Tax more. Leave the basic Net-Zero framework in place. Rearrange the deck chairs on the Titanic.
They’re gambling tomorrow’s prosperity on yesterday’s green dogma, And every grocery run, every gas fill-up, every mortgage payment will serve as a daily reminder that we are the ones footing the bill.
Once upon a time, the Liberals knew better. We made the hard decisions and got the country back on its feet. Nowadays, not so much.
Business
Carney doubles down on NET ZERO
If you only listened to the mainstream media, you would think Justin Trudeau’s carbon tax is long gone. But the Liberal government’s latest budget actually doubled down on the industrial carbon tax.
While the consumer carbon tax may be paused, the industrial carbon tax punishes industry for “emitting” pollution. It’s only a matter of time before companies either pass the cost of the carbon tax to consumers or move to a country without a carbon tax.
Dan McTeague explains how Prime Minister Carney is doubling down on net zero scams.
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