Cap on greenhouse gas emissions singles out Alberta, Premier Smith says
Ottawa’s proposed cap on greenhouse gas emissions from the oilpatch punishes Alberta’s main industry and the province will take the measures to court, Premier Danielle Smith said Thursday.
“With this pronouncement, (Prime Minister) Justin Trudeau and his eco-extremist Minister of the Environment and Climate Change Steven Guilbeault are risking hundreds of billions of dollars of investment in Alberta’s economy,” she said from Dubai, where she’s attending the COP28 climate meetings.
“They’re devaluing the retirement investments of millions of Canadians and threatening the jobs of hundreds of thousands of Albertans.”
Steve’s note:
She wouldn’t want to see our retirement fund devalued. It will mean there’s less for her to steal when she goes ahead with her Alberta Pension Plan.
University of Alberta energy economist Andrew Leach said most emissions still come from fossil fuel consumption, not production, and a gradually increasing, universally applied carbon tax remains the most efficient tool.
He suggested Ottawa is on relatively firm Constitutional grounds. Although Alberta may argue the cap is a backdoor attempt to manage oil and gas, the Supreme Court has ruled previously that the federal government has the right to manage toxic emissions.
“The smart betting money is on the side of the federal government,” he said.
The Canadian Energy Regulator says Alberta’s greenhouse gas emissions increased 19 per cent between 2005 and 2020, the only Canadian jurisdiction where such releases have grown. More than half of Alberta’s emissions come from oil and gas production.
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