GUNTER: Why won’t O’Toole speak up on Trudeau’s new emissions cap?
What does Conservative Leader Erin O’Toole think of Justin Trudeau’s “hard cap” on emissions from the oil and gas sector, announced by the prime minister earlier this week at the U.N.’s climate conference in Glasgow, Scotland?
Don’t know. O’Toole hasn’t shared his thoughts. Not a word.
Put aside the anger and frustration Trudeau’s abrupt and arbitrary plan has caused among Conservative voters, especially in Western Canada. You’d think O’Toole might want to say something – anything – to encourage or at least placate core supporters.
If we lose a quarter (or even just half of a quarter) of our exports, that will drive down the price of the Canadian dollar. That, in turn, will drive up the price of what Canadians import, which will add to already rising inflation.
The loss in foreign and domestic investment in oil and gas will slow our economic growth as a nation. The increase in bankruptcies and layoffs will raise the cost of government payouts to business and the unemployed.
Our standard of living will go down – all across the country.
Over the 10 years up to and including 2019, Canada’s energy sector contributed $53 billion in taxes to Ottawa’s treasury alone. At a time when the Trudeau government seems hellbent on permanently increasing federal spending by 40 per cent a year, you have to wonder how it plans to finance that expansion without a robust oil industry?