GOLDSTEIN: Mark Carney says Justin Trudeau blew $200 billion on a failed climate strategy
After years of nonsense spouted by Canada’s Liberal government, Prime Minister Mark Carney acknowledged in year-end interviews with CBC that “Canada is not going to reach our 2030 and 2035 climate targets” under former PM Justin Trudeau’s climate change plan.
He said it had “too much regulation, not enough action” with a lot of talk “and then nothing happens,” thus admitting the failure of Trudeau’s taxpayer-financed, $200-billion-plus strategy.
That funded 149 government programs administered by 13 federal departments to reduce Canada’s annual industrial greenhouse gas emissions to 40% to 45% below 2005 levels by 2030, 45% to 50% by 2035 and net zero by 2050.
According to the federally-funded Canadian Climate Institute, Canada’s emissions last year were stalled at 694 million tonnes, the same as in 2023, just 8.5% below 2005 levels.
Meeting the minimum federal target of a 40% cut in annual emissions compared to 2005 by 2030 would require reducing them to 455 million tonnes, or by 239 million tonnes annually, in five years.
To achieve that, Canada would have to shut down the equivalent of all annual emissions from Canada’s oil and gas sector and more than half of the electricity sector by 2030, causing a recession.
Current estimates project Canada will achieve only half of the 2030 target and even that is optimistic given the government’s record to date.
So credit Carney with telling the truth – with two caveats.
