Canada doubled down on Wokeism by returning Justin Trudeau’s party, the Liberal Party of Canada, to power, ensuring that his clone Mark Carney remains as the prime minister, a decision they might soon regret. Many Canadians voted for Trudeau’s ally out of spite for President Trump after he made the generous offer inviting them to become America’s 51st state, but also threatened to impose tariffs on their products.
However, the globalist Prime Minister has unveiled a raft of left-leaning policies that threaten to damage the Canadian economy than the much-feared Trump tariffs ever could.
To achieve net zero in carbon emissions, he hinted at a proposal to punish companies that pollute the air and reward those who control their emissions, essentially carbon taxes and incentives.
Outrageously, Carney might have pulled a fast one on Canadians, having suggested during the campaigns that he would pause the carbon taxes initiative, only to turn around and do the opposite.
“Climate change is an existential threat. We all recognise that,” he said.
“But the converse is, if you are making investments, coming up with new technologies, changing the way you do business, all in service of reducing and eliminating that threat, you are creating value.”
While cutting emissions through innovation and improved efficiency is always welcome, sacrificing productivity to achieve the same goal is counterproductive. Europe recently suffered massive blackouts due to its reliance on green energy, which should serve as a precautionary tale for other countries, such as Canada, that are walking down the same path.
“And what we have seen increasingly, spurred initially by the Sustainable Development Goals, accelerated by Paris, and then by social movements and governments, is societies putting tremendous value on achieving net zero,” he added.
“Companies, and those who invest in them and lend to them, and who are part of the solution, will be rewarded. Those who are lagging behind and are still part of the problem will be punished.”
Besides the financial cost of the proposed carbon taxes, the compliance burden for small companies is excruciating. Small businesses might even be required to measure and report their carbon footprints across their entire supply chain, from suppliers to end users.
Many small businesses cannot track their emissions and might resort to paying the fines instead, resulting in increased operational costs, which are usually passed down to consumers. That is the price Canadian voters must pay for their choices at the ballot box.
Additionally, when carbon reporting is coupled with the SDGs, small businesses will be forced to work only with companies that monitor and report their carbon emissions and are working towards net zero. Since only a few net-zero companies exist, they usually charge a premium for their services, driving up production costs. Similarly, relying on a few “green” suppliers reduces competition, essentially creating green monopolies.
Carney also plans to proceed with the phased-out ban on gas cars for electric vehicles, which Canada is unable to produce to meet its demand. The net impact of these leftist climate policies is a shrinking economy and massive job losses.
Besides the climate scam, Carney has also promised to spend more on diversity and equity programs and welfare, allowing more people, including non-citizens, to continue leeching off the hardworking Canadians.
