The value of Canada’s total oil output is just under five per cent of GDP.
Natural Resources
The Notley government is spinning like mad to distance itself from some painful numbers.
The United Nation’s favoured approach would require massive wealth transfers and be wildly unpopular.
As oil royalties have fallen, Albertans have endured multiple tax hikes and a S&P downgrade.
The new tax scheme will cost a family of four about $338 extra in 2017.
Ontario’s aggressive green-energy/green-tech approach led to soaring power prices for Ontarians.
Ontario is about to up the ante when it comes to climate change and energy policy by embarking on a $7-billion dollar plan to completely transform how people use energy.
Alberta Premier Rachel Notley has called for pipelines to carry Alberta oil to ports in the Atlantic and Pacific.
Since taking office, Alberta Premier Rachel Notley has been very aggressive on the climate file. Attempting to remedy what she portrayed as a history of environmental negligence by her predecessors , the premier swiftly increased and expanded Alberta’s carbon tax, placed a hard cap on carbon dioxide emissions, set stiff targets for reducing methane emissions, declared an accelerated phase-out of coal power generation, and promised to replace much of that power with costlier wind or solar power generation.
In 2013, 30 per cent of households earning $27,000 or less had to devote 10 per cent or more of their expenditures to energy.
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