Trudeau Addresses Delegates in Belgium

[Hamloc]

Article in the National Post today: “There is going to be a cost: Federal carbon pricing to generate net loss for most households, PBO finds.”

What a surprise: “The latest findings from the Parliamentary Budget Officer are fuelling arguments that the federal price on carbon is an economic burden for families - and could only increase in years to come.”

This year in Alberta the lowest income households could expect to receive up to $246 back in their pockets but the highest income households can expect to pay up to $1925. In the end, Albertan’s will end up paying $507 per household on average. By 2030 this average net loss will rise on average to $2282 per household. Imagine what the net loss will be for the average farm by 2030!!!

“There could be potential benefits, for example, by mitigating the impact of climate change or fostering the development or adoption of new technologies, but to expect these benefits to be realized before 2030-2031 is… wildly optimistic,” said Giroux.




Personally I think anyone who believes any policy that has been enacted by Justin Trudeau or for that matter any policy that will be enacted by Justin Trudeau and his government to actually benefit your average rural Canadian voter has been smoking far too much of Justin Trudeau’s legalized marijuana. Increasing the size and cost of government only benefits the government, never the taxpayer imo!

[Hamloc]

Article in the National Post today: “There is going to be a cost: Federal carbon pricing to generate net loss for most households, PBO finds.”

What a surprise: “The latest findings from the Parliamentary Budget Officer are fuelling arguments that the federal price on carbon is an economic burden for families - and could only increase in years to come.”

This year in Alberta the lowest income households could expect to receive up to $246 back in their pockets but the highest income households can expect to pay up to $1925. In the end, Albertan’s will end up paying $507 per household on average. By 2030 this average net loss will rise on average to $2282 per household. Imagine what the net loss will be for the average farm by 2030!!!

“There could be potential benefits, for example, by mitigating the impact of climate change or fostering the development or adoption of new technologies, but to expect these benefits to be realized before 2030-2031 is… wildly optimistic,” said Giroux



Personally I think anyone who believes any policy that has been enacted by Justin Trudeau or for that matter any policy that will be enacted by Justin Trudeau and his government to actually benefit your average rural Canadian voter has been smoking far too much of Justin Trudeau’s legalized marijuana. Increasing the size and cost of government only benefits the government, never the taxpayer imo!

Funny story, I intended for this to be a new thread. My granddaughter arrived and I instead posted it as a reply, such is life lol.

[chuckChuck]

Now for the rest of the story:

https://www.theglobeandmail.com/business/article-study-finds-60-per-cent-of-households-are-financially-burdened-by/

Study finds 60 per cent of households are financially burdened by federal carbon pricing
Patrick Brethour
Tax and Fiscal Policy Reporter

"University of Calgary professor Trevor Tombe cautioned against simply concluding carbon pricing is a costly policy. Any policy to reduce greenhouse gas emissions will carry costs, he said. The question is how efficient such measures are in minimizing those costs.

On that front, he said, the market-based mechanism of carbon pricing is widely acknowledged to be much more efficient than regulatory measures. Such regulations might be less visible and, perhaps because of that, less controversial. But according to Prof. Tombe, they would ultimately require higher economic costs to achieve the same level of reductions.

Inaction is not cost-free, either, he said. A rapidly warming climate would disrupt the global economy, although other countries would likely bear a disproportionate share of those costs, he noted.

In a statement, the federal Environment and Climate Change department said carbon pricing is recognized as “the most efficient policy to reduce emissions as it imposes the lowest overall cost on the economy.” The statement also noted that weather-related disasters tied to climate change have soared over the past five decades.

Michael Bernstein, executive director of Clean Prosperity, a non-profit group, critiqued the PBO study as being too narrowly focused. The analysis did not, for instance, attempt to account for the economic benefits of the emerging green economy, he said.

Mr. Bernstein acknowledged there will be costs associated with any transition away from fossil fuels, but the question, he said, is how to minimize those costs and maximize the benefits. It is “plausible” that those benefits will outweigh costs in the long run, he added.

He said he understands why the federal Liberals chose to emphasize most households would receive rebates larger than their direct costs from carbon pricing, given the intensity of critics’ attacks. But he said political strategy has come up against the reality he has seen in focus groups, where participants express fundamental skepticism that people can be made better off through this kind of government program.

A more nuanced approach that talked about relative costs, and the relative advantage of carbon pricing, would be preferable, he added. “Focusing on how many people were better off is probably not the most compelling way to sell this in the long run, even if there is math that supports them.”

[Hamloc]

Now for the rest of the story:

https://www.theglobeandmail.com/business/article-study-finds-60-per-cent-of-households-are-financially-burdened-by/

Study finds 60 per cent of households are financially burdened by federal carbon pricing
Patrick Brethour
Tax and Fiscal Policy Reporter

"University of Calgary professor Trevor Tombe cautioned against simply concluding carbon pricing is a costly policy. Any policy to reduce greenhouse gas emissions will carry costs, he said. The question is how efficient such measures are in minimizing those costs.

On that front, he said, the market-based mechanism of carbon pricing is widely acknowledged to be much more efficient than regulatory measures. Such regulations might be less visible and, perhaps because of that, less controversial. But according to Prof. Tombe, they would ultimately require higher economic costs to achieve the same level of reductions.

Inaction is not cost-free, either, he said. A rapidly warming climate would disrupt the global economy, although other countries would likely bear a disproportionate share of those costs, he noted.

In a statement, the federal Environment and Climate Change department said carbon pricing is recognized as “the most efficient policy to reduce emissions as it imposes the lowest overall cost on the economy.” The statement also noted that weather-related disasters tied to climate change have soared over the past five decades.

Michael Bernstein, executive director of Clean Prosperity, a non-profit group, critiqued the PBO study as being too narrowly focused. The analysis did not, for instance, attempt to account for the economic benefits of the emerging green economy, he said.

Mr. Bernstein acknowledged there will be costs associated with any transition away from fossil fuels, but the question, he said, is how to minimize those costs and maximize the benefits. It is “plausible” that those benefits will outweigh costs in the long run, he added.

He said he understands why the federal Liberals chose to emphasize most households would receive rebates larger than their direct costs from carbon pricing, given the intensity of critics’ attacks. But he said political strategy has come up against the reality he has seen in focus groups, where participants express fundamental skepticism that people can be made better off through this kind of government program.

A more nuanced approach that talked about relative costs, and the relative advantage of carbon pricing, would be preferable, he added. “Focusing on how many people were better off is probably not the most compelling way to sell this in the long run, even if there is math that supports them.”

This article does not in any way address what the PBO found. It is still saying rebates will be larger for the majority which is not what the PBO found. Remember the PBO is non partisan, Globe and Mail, that is apparently debatable.

This article states that regulation is more expensive than carbon taxes yet the government is planning to regulate sales of passenger vehicles. It is also subsidizing electric vehicles. Why is that necessary if a carbon tax is so effective?! The government is regulating the end of coal generation. They want to regulate fertilizer use. On and on. Why so many regulations if the carbon tax is so effective?!

[chuckChuck]

You should ask the government of Alberta and Saskatchewan about the costs to the economy because they also have a carbon tax program for large emitters and also regulate industry.

[furrowtickler]

This article does not in any way address what the PBO found. It is still saying rebates will be larger for the majority which is not what the PBO found. Remember the PBO is non partisan, Globe and Mail, that is apparently debatable.

This article states that regulation is more expensive than carbon taxes yet the government is planning to regulate sales of passenger vehicles. It is also subsidizing electric vehicles. Why is that necessary if a carbon tax is so effective?! The government is regulating the end of coal generation. They want to regulate fertilizer use. On and on. Why so many regulations if the carbon tax is so effective?!

Because it’s a wealth transfer scheme and has very little to do with climate change .

[WiltonRanch]

You should ask the government of Alberta and Saskatchewan about the costs to the economy because they also have a carbon tax program for large emitters and also regulate industry.

Carbon tax on industrial emitters is one thing. Carbon tax on necessities of life in this cold wasteland is another. Do you not think by taxing the large emitters that the consumer is already paying this tax by increases in the prices of consumables? Essentially a tax on a tax for the consumer.

[jazz]

Commie sask ex-pat reject Wilkinson just confirmed Canada is going to pump 300K BPD of crude for Europe and fast track a couple LNG plants. You know, 2 fast tracked LNG plants out of the 50 that were proposed and cancelled by the green climate clowns.

Is one thing t virtue signal for fake climate scare, but thats nothing to trying to virtue signal for Ukraine to stop the end of globalization. Thats an easy choice for marxists.

[sumdumguy]

And how do they propose to move the energy to Europe? They killed every pipeline and LNG proposal that was presented.

[WiltonRanch]

Commie sask ex-pat reject Wilkinson just confirmed Canada is going to pump 300K BPD of crude for Europe and fast track a couple LNG plants. You know, 2 fast tracked LNG plants out of the 50 that were proposed and cancelled by the green climate clowns.

Is one thing t virtue signal for fake climate scare, but thats nothing to trying to virtue signal for Ukraine to stop the end of globalization. Thats an easy choice for marxists.

Oh boy another government energy project. Bet that’ll make transmountain budget look tame.

[AlbertaFarmer5]

Oh boy another government energy project. Bet that’ll make transmountain budget look tame.

How else to embezzle tax payer money to SNC Lavalin and Liberal cronies?

[WiltonRanch]

How else to embezzle tax payer money to SNC Lavalin and Liberal cronies?

Oligarchs in the making here.