Edmonton Sun: Kudos to the Parliamentary Budget Office headed by Jean-Denis Frechette for giving Canadians an objective cost assessment of Prime Minister Justin Trudeau’s national carbon pricing scheme.
Especially since Trudeau and Environment Minister Catherine McKenna refuse to do so, or to answer questions about how much Trudeau’s carbon price of $50 per tonne in 2022 will lower industrial greenhouse gas emissions linked to climate change.
On Monday, the PBO said Trudeau’s carbon pricing scheme will cost the Canadian economy $10 billion in 2022, reducing the annual increase in Canada’s Gross Domestic Product by 0.5% compared to what it would have been without it.
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