EDITORIAL: Higher food, energy costs are deliberate
A world of escalating prices for energy and food isn’t just a temporary aberration caused by the COVID-19 pandemic.
It’s the deliberate, global policy of those who tell us their goal is to defeat catastrophic climate change.
Only twice in the modern era have global greenhouse gas emissions plummeted anywhere close to the levels the United Nations says will be necessary to avoid disaster.
The first time was the 2008-09 global recession triggered by the subprime mortgage derivatives scandal in the U.S..
The only way to achieve that will be to dramatically increase the cost of using fossil fuels, which in turn raises the cost of almost everything, including food, as we replace cheaper forms of energy with more expensive ones.
In the context of global energy policy, Prime Minister Justin Trudeau’s call at the recent Glasgow climate summit for a global carbon tax comparable to Canada’s — currently $40 per tonne of emissions rising to $170 per tonne in 2030 — is consistent with the UN’s advocacy of global central planning to address climate change.
If, for example, Canadian industries have to compete with those in foreign countries that do not have carbon taxes, there will be a tendency for them to defect to those countries.
This is called carbon leakage and in order to combat it what it will inevitably lead to is Canada imposing tariffs on goods and services we import from countries that do not have carbon taxes, so that Canadian industries can compete.
That, in turn, will raise the prices of those imported goods and services, just as the price of domestic goods will rise because of carbon taxes.
That is the future our government is planning for us.