Research shows that governments cannot successfully “manage” market economies.
The federal carbon tax will ultimately max out at $170 per tonne in 2030.
It will cost up to an estimated $37.7 billion annually for Canada to move from coal to renewables.
Europe’s energy crunch should serve as a cautionary tale for governments across North America with regard to the challenges of abruptly changing our energy mix by subsidizing renewable energy.
Ontario has the fastest-growing electricity costs in Canada and among the highest rates in North America.
Coal-fired generators have raised their prices by 1.9 cents per kilowatt hour.
Skyrocketing electricity costs led to 75,000 job losses in Ontario’s manufacturing sector from 2008 to 2015.