Canada’s plan for net-zero “greenhouse-gas emissions” by 2050 will come home to roost. Grandstanding has consequences, and in Bill C-12 we are witnessing the legislation to give it teeth. The demonized energy sector appears impotent to resist this attack and is outwardly embracing the idea, presumably to placate regulators and the woke mob.
Grandiose promises, for which the bills come over in decades, are a natural product of election-minded politicians. Their strategy is to garner positive press while leaving someone else to deal with the difficult task of making the promises happen, including paying for them. This is how, for example, unfunded liabilities became prevalent in Canadian governments at all levels.
Just as Millennials and Generation Z will have to pick up the tab for Ponzi schemes such as the Canada Pension Plan, so too will they have to pay for pie-in-the-sky environmentalism. The price will come in the form of fewer jobs available and higher energy prices, which in turn raise the prices of almost everything in the economy.
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