Carney vows to kill consumer carbon pricing, shift to green incentives
Liberal leadership contender Mark Carney is backing away from Prime Minister Justin Trudeau’s consumer carbon pricing regime but will keep industrial pricing in place.
Carney said the country has become divided over the policy because Canadians have been fed “misinformation” by Conservative Opposition Leader Pierre Poilievre.
“Since Canada’s current climate policy has become too divisive, it’s time for a new, more effective climate plan that everyone can get behind,” Carney said at an event in Halifax Friday morning.
“It’s a plan that makes our economy more competitive. It grows good jobs today and will grow better ones in the future.”
He sketched out broad points of a plan that largely swaps the stick for the carrot for Canadian households. It includes financial incentives for purchases of more energy efficient appliances and electric vehicles, and improvements to home insulation.
Carney, a former Bank of Canada governor who has spent the last several years as a United Nations special envoy for climate action, said he would have big polluters, including oil and gas companies, help to cover the cost of allowing Canadians to make those choices while still paying “their fair share for emissions.”
It’s likely the last nail in the coffin for one of Trudeau’s signature climate policies. Most other Liberal leadership candidates are vowing to end or at least freeze the existing carbon price charged on fossil fuel purchases.
Rival candidate Chrystia Freeland, who came out against the consumer carbon price weeks ago, slammed Carney for the timing of his announcement.
She said it is “truly out of touch” for Carney to be talking about anything other than the “very real, generational, existential, historic threats Canadians are facing from the United States,” with President Donald Trump poised to hit Canada with tariffs on Saturday.
Carbon pricing has been in place since 2019 and charges $80 per tonne of emissions.
It has two portions. The first is the industrial system, which charges a price on emissions from large polluters like oilsands mines, auto factories and steel manufacturers.
The consumer portion is charged on the purchase price of 22 types of fuel bought by individual consumers or smaller businesses and non-profit entities like schools and hospitals. It adds about 17.6 cents to a litre of gasoline and 15 cents to a cubic metre of natural gas.
While the government compensates Canadians for the consumer cost with quarterly rebates, the policy has never been that popular – and Conservative Leader Pierre Poilievre has made “axing” it the centrepiece of his pitch to Canadians.
Poilievre has said he doesn’t believe the Liberals will abandon the policy under new leadership and has been referring to all the leadership candidates with the moniker “Carbon Tax” in front of their names.
But they all say they are backing away from it in some way.
Freeland has promised to end the consumer carbon price, citing sagging public support for the policy. Former government House leader and rival leadership candidate Karina Gould has said she would freeze the carbon price at its current rate, but has not committed to abolishing it yet.
Frank Baylis, a businessman and former MP from Montreal, said at his official Liberal leadership campaign launch Thursday that he would fix the carbon price but didn’t say how. Baylis said the current policy is not working and is “hurting the wrong people.”
They all appear to be targeting only the consumer carbon price, not the industrial version.
An analysis published in March 2024 by the Canadian Climate Institute found Canada’s carbon price could slash greenhouse gas emissions by more than 100 million tonnes a year by 2030, but only about one-fifth of that would come from the consumer carbon price.
Most of the reduction would come from the big industrial system.
Most Liberals have previously defended carbon pricing, including Carney.
In 2021, while attending annual UN climate talks in Scotland, Carney participated in a panel with Trudeau discussing the need for more countries to price carbon as an way to drive down emissions.
“Everyone should try and have a price on carbon,” he said at the time.
During his leadership launch in Edmonton on Jan. 16, Carney said if carbon pricing is to go, it must be replaced “with something that is at least, if not more, effective.”
This report by The Canadian Press was first published Jan. 31, 2025. – National Newswatch
article website here
Remember the election where Trudeau promised that THAT election would be the LAST ‘first past the post’ election. That Canada needed to have an election system that will result in a parliament that is more representative of the the votes cast by the voters for each party? Notice that we are still using the ‘first past the post’ system of electing governments.
Politicians lie. They lie all the time. They will make promises during an election that they have zero intention of keeping. As I have said time and time again, politicians main goal, only goal actually, is to get elected. Whether its get elected for the fist time or get reelected for the 5th time, they will say whatever it takes to get elected, knowing full well, the gthey will never have to deliver on those promises.
During his leadership launch in Edmonton on Jan. 16, Carney said if carbon pricing is to go, it must be replaced “with something that is at least, if not more, effective.”
What that ‘something that is at least, if not more, effective’ is not mentioned. What I do know is that it will cost everyone more in taxes. I also know that carrots subsidized by the taxpayer are expensive. That money has to come from somewhere. Debt is my guess. Canada’s national debt is around $1.3 trillion.
Canadian Climate Institute…Who funds it? I know that the federal government provides funding but there are also private doners. The Institute is far from impartial. It is far from independent. Check it out for yourself.
In 2021, while attending annual UN climate talks in Scotland, Carney participated in a panel with Trudeau discussing the need for more countries to price carbon as an way to drive down emissions.
“Everyone should try and have a price on carbon,” he said at the time.
I believe the person that made the above statement less than 4 years ago, is the real Mark Carney. THAT is who he is / That is what he believes. THAT is what we will end up with if he become Prime Minister.
Carney spent his whole life hob-knobbing with the giants of the world’s financial industry. Hanging around with the global elites. The New World Order people. You think he has changed? Who does he really work for? There is a lot of money to be made from dealing with ‘climate change‘. Trillions of dollars most of which will come out of the pockets of taxpayers.
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There’s plenty of money to be made by investing in the green energy transition, and financial professionals who say otherwise aren’t paying attention to the facts, according to Brookfield Asset Management Ltd. chair Mark Carney.
The comments follow a pivot in the messaging from bankers and asset managers, who have started using global summits to remind governments they’ll only back the green transition if there’s a profit to be made.