One is Prime Minister that has the ability to do it.
One is not Prime Minister and does not have the ability to do it.
You know what's amazing about our parliamentary system? Any Member of said Parliament can introduce a bill. PP has had the ability to do this - or ANYTHING AT ALL HELPFUL FOR CANADIANS - for 20 years now.
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I mean, PP talks all the time how we the most ethical energy in the world and everyone would love to have it. If there’s no premium on ethical energy, I guess the world is just going to laugh in his face.
If you need anymore evidence regarding how deeply unserious the "ethical energy" argument is, it's something that Ezra Levant and the Fraser Institute have been screaming about for nearly two decades.
Then you didn’t bother to read what I actually wrote and don’t actually understand the clean energy/renewable industry at all if you think any of what you just said is an effective counterpoint to what I’m saying.
For one, your dramatics around “destroying private investment” and “decline of our own prosperity” is, as I said, totally myopic to the point where you have no standing to call anything else nonsense. Nonsensical appeals to emotion are a terrible way to evaluate business and economic decisions.
Two, the point IS that renewables augment the economy. And if you actually bothered to read, they’re augmenting the O&G industry RIGHT NOW. When faced with an emissions cap, O&G companies have a few choices, but two of those choices are to cut production and just… leave hundreds of millions of dollars in the table because… reasons I guess? or invest in tech that helps them reduce emissions, which many of these companies are doing. These investments help grow this industry, so not only are emissions being reduced, but we’re developing new ways to reduce them at home and fuelling (no pun intended) another industry through them.
So if you believe there is no positive here, you’re the one being lied to.
I mean, PP talks all the time how we the most ethical energy in the world and everyone would love to have it. If there’s no premium on ethical energy, I guess the world is just going to laugh in his face.
If you implement an emissions cap one of two things is going to happen:
1. Profitable but high emissions intensity barrels will get shut-in to comply with the cap
2. Companies will invest in otherwise uneconomic projects to reduce emissions. While you view this as productive for the economy, it effectively increases the breakeven cost for Canadian barrels relative to global competitors. The end result of this is less overall investment and ceding market share. This is a huge own goal with zero net benefit to the planet.
There is no hyperbole in saying these regulations destroy private investment, and by extension our collective prosperity. Other jurisdictions do not have these costs and layered and confusing regulations, all seemingly aimed at the same goal. Private capital follows profits and favours regulatory regimes that are clear and reduce investment uncertainty. Canada has only increased that uncertainty in the last decade. Ironically this will also hamper any bold action on the energy transition. Things take too long here.
You can call it myopic, but after 10 years of talking about just transitions, and creating good green jobs, we have very little to show for it despite massive subsidies. The golden goose for this county continues to be its natural resources, and for some reason we seem hellbent on restricting them.
I don’t really care who is in power if they acknowledge these basic realities, but we aren’t off to a good start with the new look liberals still supporting an emissions cap.
If you implement an emissions cap one of two things is going to happen:
1. Profitable but high emissions intensity barrels will get shut-in to comply with the cap
2. Companies will invest in otherwise uneconomic projects to reduce emissions. While you view this as productive for the economy, it effectively increases the breakeven cost for Canadian barrels relative to global competitors. The end result of this is less overall investment and ceding market share. This is a huge own goal with zero net benefit to the planet.
*less overall investment in the oil sands relative to the overall investment that may have been achieved without the cap while still being higher than present day investment and greater investment and market share in the “uneconomic projects” (lol)
FYP with what actually has and will continue to happen
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Originally Posted by Vedder
There is no hyperbole in saying these regulations destroy private investment, and by extension our collective prosperity. Other jurisdictions do not have these costs and layered and confusing regulations, all seemingly aimed at the same goal. Private capital follows profits and favours regulatory regimes that are clear and reduce investment uncertainty. Canada has only increased that uncertainty in the last decade. Ironically this will also hamper any bold action on the energy transition. Things take too long here.
Dozens of other jurisdictions have these costs and regulations. The EU has a cap and trade system and since it was implemented emissions fell by a greater margin and revenue rose by a greater margin compared to like for like non-EU competitors.
Quote:
Originally Posted by Vedder
You can call it myopic, but after 10 years of talking about just transitions, and creating good green jobs, we have very little to show for it despite massive subsidies. The golden goose for this county continues to be its natural resources, and for some reason we seem hellbent on restricting them.
Natural resources include more than oil and gas, it also includes renewables and low-carbon/clean resources. Over the last 10 years, low-carbon and clean energy exports have more than doubled to nearly $40b. The clean energy sector is growing at 3x the national average. And renewables already account for the vast majority of electricity generation in this country, with something like wind, which less than 20 years ago provided 1% of the generation that fossil fuels provided now providing 15% of that generation.
We have a lot to show for it. You just don’t want to see it, for whatever reason.
Globally the energy transition is already in progress. The reason investment isn’t booming in the oil sands like it once was is because of OPEC and the US, not because of the Liberals or emissions caps. I understand that Alberta thinks there is nothing beyond O&G, but the world already knows there is and is acting like it. Time for Canada to follow suit and allow the industry to continue growing while ensuring all their eggs aren’t in any one basket, which is exactly what they’re doing and exactly what things like an emissions cap and trade system have helped achieve worldwide, while reducing emissions.
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Dozens of other jurisdictions have these costs and regulations. The EU has a cap and trade system and since it was implemented emissions fell by a greater margin and revenue rose by a greater margin compared to like for like non-EU competitors.
The EU also doesn't do business with countries that don't have some form of carbon tax or emissions regulations. If we want to get off America's tit and do business with them, guess what we need.
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Natural resources include more than oil and gas, it also includes renewables and low-carbon/clean resources. Over the last 10 years, low-carbon and clean energy exports have more than doubled to nearly $40b. The clean energy sector is growing at 3x the national average. And renewables already account for the vast majority of electricity generation in this country, with something like wind, which less than 20 years ago provided 1% of the generation that fossil fuels provided now providing 15% of that generation.
This isn't aimed at you, but natural resources also include more than energy and O&G. I feel like Albertans get super myopic on this and only advocate for O&G exports/manufacturing. We have a tremendous amount of gold, silver, and rare earth metals. Where is the same passion for manufacturing and exporting those that we see for O&G?
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The EU also doesn't do business with countries that don't have some form of carbon tax or emissions regulations. If we want to get off America's tit and do business with them, guess what we need.
This isn't aimed at you, but natural resources also include more than energy and O&G. I feel like Albertans get super myopic on this and only advocate for O&G exports/manufacturing. We have a tremendous amount of gold, silver, and rare earth metals. Where is the same passion for manufacturing and exporting those that we see for O&G?
Has our Premier mentioned any economic activity other than oil & gas during the Trump crisis or with the new PM or even during her term? We have so many other resources including minerals, lumber, agriculture, renewables, and talent that she apparently doesn’t care about but that we could grow without restriction.
I have more confidence in Carney fighting Trump than I do Poilievre. Heck I have more confidence in Trudeau right now. And that's completely Poilievre's fault for acting more like a Danielle Smith than a Doug Ford. Ironically Ford has given his full support to Carney, not toeing partisan lines as there is more important matters at hand.
Ford just won a stonking majority in Canada’s most populous province by being a conservative populist - but a conservative populist of a very different stripe from Poilievre. He’s shown you can win elections as a conservative in Canada without embracing the MAGA-style politics of conspiracy, hyper-partisanship, and hatred.
It’s not clear to me how much of this is down to Poilievre’s personal politics, and how much is because the CPC has been captured at the grass roots by loons in a way the Ontario provincial Conservatives have not.
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Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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Ford just won a stonking majority in Canada’s most populous province by being a conservative populist - but a conservative populist of a very different stripe from Poilievre. He’s shown you can win elections as a conservative in Canada without embracing the MAGA-style politics of conspiracy, hyper-partisanship, and hatred.
It’s not clear to me how much of this is down to Poilievre’s personal politics, and how much is because the CPC has been captured at the grass roots by loons in a way the Ontario provincial Conservatives have not.
… for the 3rd time in a row… he’s absolutely dominating.
Exactly and then you could even be so good at faking it that maybe one day you pump oil through it and capture a #### ton value for Canada.
It’s a good plan because it’s literally what needs to happen here.
No if you went the fake pipeline route you’d end up hitting some obsiticle in the construction phase that would significantly derail and delay the project. You need 2 years of engineering here. Maybe a year if you are building gateway. But digging before having IFC deliverables is a recipe for a terrible boon doodle. It would be a disaster.
A fake pipeline project and a real pipeline project are completely different exercises.
Because everthing today is so binary and often extreme, it’s assumed (and by a lot of posters here) that if you are a declared conservative you are some sort of ultra right wing Trump loving Maple MAGA.
It has become clear that the CPC has been captured by ultra right wing Trump loving Maple MAGA, even if much of their electoral support still comes from moderates. The former are far more active in the grassroots of the party, which is where party culture, nominations, and policy are set.
Moderate Canadian conservatives face a challenge: get involved at the constituency level and take back control of your party from the loons. Because if you lie down with dogs, you get fleas.
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Quote:
Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
That's what you get when you pretend organizations like the Western Standard are journalism, and not just far right losers desperate to get their guy elected. Why they get treated as legitimate, I'll never understand.
Outlets like the WS should be ignored and banished from news conferences and denied all access to news sources. They cause great harm.
I’d way rather everyone just be prepared to answer their questions. They are surface level nonsense and easily fact checkable. We also alllllll know what questions are coming because these guys are as intellectual as a rock.
Banishing them gives them more power than inviting them. They use that. Just answer their questions with facts, which make them look dumb.
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