Canada’s forecasted production of 2.8 million barrels a day this year is down 6.7 per cent from last year’s projection.
The list of made-in-Canada policies that have reduced our competitiveness is long and substantial.
Already across Canada, a significant number of households are in “energy poverty.”
Bill C-69 would completely overhaul how major energy projects are reviewed by government in Canada.
The theoretical or “ideal” carbon-pricing system has never been implemented.
According to the PBO, provincial cooperation with the federal carbon floor may reduce the size of Canada's economy by 0.5 per cent in 2020.
In Ontario, the government expects to rake in $2 billion per year through its cap-and-trade program.
The federal carbon-price scheme raises Alberta’s carbon tax to $50 per tonne by 2022.
Ottawa and many provincial governments have increased already uncompetitive personal income tax rates.
The economics literature is filled with analyses showing the superiority of carbon taxes—alone—over regulations.