Dan McTeague
In 2025, we have much to look forward to so let’s celebrate now
By Dan McTeague
That light at the end of the tunnel we thought was an oncoming train? It might be the sun after all!
“Tis the season to be jolly,” says the song, and commonsense-loving Canadians would do well to follow that dictum this Christmas season.
To be sure, Justin Trudeau’s nine years in power have harmed our country and its people immeasurably. Trudeau has waged a multi-front war on both the production and consumption of hydrocarbon energy, the backbone of the Canadian economy.
The Trudeau government, devoted as it is to the damaging Net Zero ideology, instituted a Carbon Tax, appropriately set to increase every year on April Fool’s Day, of all days, so that Canadians would get progressively acclimated to paying more for energy every year. Like frogs in a slowly heating pot.
He was so devoted to this increase that he refused to postpone it during the dark early days of the COVID-19 pandemic when no one knew what was going on, unemployment was rising sharply, and the country was looking at a severe economic downturn. That’s ideology for you.
The Carbon Tax, compounded as it is by the less-known Clean Fuel Standard, which I’ve dubbed the Second Carbon Tax, has been an albatross around the neck of the Canadian economy, making it difficult for us to keep our heads above water. It has made it increasingly more expensive to heat our homes in a famously frigid climate, and to gas up our cars in a huge country where driving is a necessity.
Those are its obvious consequences, but somewhat less commented on has been its secondary effects on the price of goods and services. The Carbon Tax raises the cost of business at every step of our supply chain, from the farm to the grocery store, and that cost is ultimately passed onto the consumer.
And then there are the Electric Vehicle (EV) mandates, which will become an issue much sooner than you realize. The Trudeau government has mandated that by 2035, in just about a decade, every new car, SUV, or light truck sold in Canada must be an EV. This despite the fact that EVs are less reliable — once again, especially in the cold.
Charging EVs is extremely inconvenient, generally taking hours. And that’s if you can even find a charger — Natural Resources Canada estimates that we will need to build about 450,000 charging stations to meet the needs of the country, if Trudeau’s EV transition is going to work at all. Right now we have about 28,000.
They’re also expensive to produce, which is why the Trudeau government (along with their partners in crime, the Ford government in Ontario) have been heavily subsidizing their production. And they’re expensive to buy, which is why the government has been subsidizing their purchase. Which is to say, billions of taxpayer dollars are being shoveled into both ends of the EV dumpster fire!
And one of the most recent outrages perpetrated by this government has been the emission cap, which as I said in these pages a few months ago, “make Canada the only country in the world which willingly and purposefully stifles its single largest revenue stream.”
After all, a report commissioned by the Government of Alberta found that an Emissions Cap would lead to a 10% decrease in Alberta’s oil production and a 16% decrease in conventional natural gas production. The report estimates that “over the 2030 to 2040 period… real GDP in Alberta is $191 billion lower and real GDP in the Rest of Canada is $91 billion lower, compared to the baseline scenario.” Instead of growing, the economies of Alberta and Canada will have contracted by 2040, by 4.5% of GDP for the former and by 1.0% of GDP of the latter.
And if that is too abstract, it just means that working men and women, throughout our country, not just in our western provinces, will struggle to provide for their families, whether or not their professions have anything to do with oil and gas. That’s what a shrinking economy looks like.
Now, I could go on and on this way, touching on housing, crime, or rising unemployment, but a truly exhaustive list of Trudeaupian blunders might take us all the way to Easter. But I did open this article by counseling us all to rejoice, in the proper spirit of this season. And, despite this bleak picture, there is good reason to do so.
First off, rejoice because the results of Trudeau’s catastrophic governance have been noticed. Regular people have soured on his policies, particularly the supposedly “green” ones. Hammering away at the Carbon Tax has put Pierre Poilievre’s Conservatives in a pretty good position to win the federal election we’re set to have on or before (preferably before) October 20, 2025. At which point we can begin the process of doing a significant course correction and putting the past 9 years behind us.
That is easier said than done. It will take a lot of hard work on the part of the Conservatives to undo the ideological policies which have made our lives unaffordable, and there will be the temptation to go after the low hanging fruit by, say, canceling the Carbon Tax and leaving the rest of the rotten Net Zero superstructure in place.
That would be bad, and if they try anything along those lines, I will be the first to call them on it. Even so, they are unlikely to actively make things worse, which makes them better than the Trudeau Liberals.
But more importantly, we should rejoice because politics isn’t everything. That’s easy to forget when we’re throwing elbows on Twitter/X and elsewhere, but there’s more to life than this. With all of our problems, we’re still blessed to live in a beautiful, peaceful country with abundant natural resources and full of good people.
So my advice to you, dear reader, is to make it a point during these holidays to spend some time with family and catch up with some old friends, whatever their political persuasion.
You won’t regret 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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