Business
Corporate Canada betrayed capitalism. Now it has been betrayed
From the Fraser Institute
By Bruce Pardy
The original Battlestar Galactica, a campy space opera, debuted on network television in 1978. Canadian actor John Colicos played the traitor Baltar, who helps robot Cylons ambush human civilization. After humans have been almost wiped out, Baltar is hauled before the Cylons’ Imperious Leader. “What of our bargain?!” Baltar demands. “My colony was to be spared!” The Leader says he has altered the bargain. “How can you change one side of a bargain?!” Baltar spits, not getting it. “When there is no other side,” the robot tells him, “You have missed the entire point of the war. There can be no survivors.” “Surely,” Baltar stammers, finally understanding, “you don’t mean me.”
Corporate Canada should know the feeling. After years of colluding with climate hysteria and betraying capitalism, Canadian companies have been dumped at the curb.
On June 20, Bill C-59 received Royal Assent. It’s a hodgepodge bill of humdrum provisions, hundreds of pages long, related to last year’s spring federal budget and fall economic statement. But buried in the stack are two sections that prohibit “greenwashing.” Businesses cannot claim that their products or practices help to protect against climate change or provide other environmental benefits unless they can prove the claims are true. The provisions amend the Competition Act and make climate and other environmental claims subject to the same regulatory regime as false advertising.
Companies and industry associations have taken down climate pledges and environmental commitments from their websites and social media. “Ottawa’s ban on ‘greenwashing’ has already put a chill on climate disclosure targets,” objected Deborah Yedlin, president and CEO of the Calgary Chamber of Commerce, in a commentary for CTV. It will affect the entire economy, she wrote, add bureaucratic burden, halt investment, and weigh on Canada’s sagging productivity. Corporate Canada has lost its climate bargain.
Over the course of decades, Western countries, but nowhere more than Canada, have undergone a cultural revolution. Accelerating climate activism, aggressive social justice ideology and managerial government have changed the landscape. Business elites, instead of defending capitalism, competition, open markets, the rule of law and other values of Western civilization, decided to switch rather than fight. To protect their own prosperity and influence, corporate leaders learned to speak the language and adopt the norms of progressive collectivism. They became cheerleaders for the new regime. Many came to believe in it themselves.
Companies took on new roles. The social responsibility of business became not merely to increase its profits, as Milton Friedman famously insisted, but to serve as social welfare agencies. They were not just to obey the law and deliver products and services that people wanted to buy, but to pursue social and environmental causes. They would serve the interests not just of their shareholders but their “stakeholders,” as “Environmental, Social and Governance” (ESG) models demanded.
In their marketing and rhetoric, they embraced climate action, corporate social responsibility, social licence, “equity, diversity and inclusion” (EDI) and social justice. They promoted the United Nations Sustainable Development Goals (SDGs), which are a blueprint for socialist managerialism. The Business Council of Canada endorsed carbon pricing and Canada’s climate plans. Major oil companies promoted net zero and repeated the kinds of claims that governments themselves made: that climate action in Canada helps to prevent the climate from changing.
Such claims are patently false. Even if you believe in anthropogenic climate change, if your country doesn’t contribute much to the problem, cutting its contribution isn’t a solution. Bringing Canadian carbon emissions to zero would make no measurable difference to anything. Countries that together produce far and away most of the emissions on Earth have no intention of changing their paths. And who can blame them? If I were them, I would do the same.
Canada excels at climate boondoggles. Carbon taxes are just more money for government coffers that do not necessarily reduce emissions, if that actually mattered.
Wind and solar power, a lucrative source of government largesse that some businesses have adeptly saddled up to, don’t replace fossil fuels. Carbon capture and storage, perhaps the most pathetic pretend of them all, is a breathtakingly expensive symbolic gesture that cannot be applied at scale. The Paris accord and its net zero aspirations are climate fairy tales.
Canadian business leaders would never say any of this. That was the deal: pay homage to the climate gods, and you can be on the team. But now they can’t.
Progressive statism has never been about the climate, or transgenderism, or whatever the cause du jour. The target has always been Western values and principles. Free enterprise is anathema to its aspirations, and as it turns out, so is prosperity itself. Canadian companies have betrayed the economic principles of their own society. How does government change one side of a bargain? When there is no other side.
The Canadian business community still does not understand the point of the revolution. There can be no survivors. Surely, they sputter, you don’t mean us.
Author:
2025 Federal Election
As PM Poilievre would cancel summer holidays for MP’s so Ottawa can finally get back to work
From Conservative Party Communications
In the first 100 days, a new Conservative government will pass 3 laws:
1. Affordability For a Change Act—cutting spending, income tax, sales tax off homes
2. Safety For a Change Act to lock up criminals
3. Bring Home Jobs Act—that repeals C-69, sets up 6 month permit turnarounds for new projects
No summer holiday til they pass!
Conservative Leader Pierre Poilievre announced today that as Prime Minister he will cancel the summer holiday for Ottawa politicians and introduce three pieces of legislation to make life affordable, stop crime, and unleash our economy to bring back powerful paycheques. Because change can’t wait.
A new Conservative government will kickstart the plan to undo the damage of the Lost Liberal Decade and restore the promise of Canada with a comprehensive legislative agenda to reverse the worst Trudeau laws and cut the cost of living, crack down on crime, and unleash the Canadian economy with ‘100 Days of Change.’ Parliament will not rise until all three bills are law and Canadians get the change they voted for.
“After three Liberal terms, Canadians want change now,” said Poilievre. “My plan for ‘100 Days of Change’ will deliver that change. A new Conservative government will immediately get to work, and we will not stop until we have delivered lower costs, safer streets, and bigger paycheques.”
The ’100 Days of Change’ will include three pieces of legislation:
The Affordability–For a Change Act
Will lower food prices, build more homes, and bring back affordability for Canadians by:
- Cutting income taxes by 15%. The average worker will keep an extra $900 each year, while dual-income families will keep $1,800 more annually.
- Axing the federal sales tax on new homes up to $1.3 million. Combined with a plan to incentivize cities to lower development charges, this will save homebuyers $100,000 on new homes.
- Axing the federal sales tax on new Canadian cars to protect auto workers’ jobs and save Canadians money, and challenge provinces to do the same.
- Axing the carbon tax in full. Repeal the entire carbon tax law, including the federal industrial carbon tax backstop, to restore our industrial base and take back control of our economy from the Americans.
- Scrapping Liberal fuel regulations and electricity taxes to lower the cost of heating, gas, and fuel.
- Letting working seniors earn up to $34,000 tax-free.
- Axing the escalator tax on alcohol and reset the excise duty rates to those in effect before the escalator was passed.
- Scrapping the plastics ban and ending the planned food packaging tax on fresh produce that will drive up grocery costs by up to 30%.
We will also:
- Identify 15% of federal buildings and lands to sell for housing in Canadian cities.
The Safe Streets–For a Change Act
Will end the Liberal violent crime wave by:
- Repealing all the Liberal laws that caused the violent crime wave, including catch-and-release Bill C-75, which lets rampant criminals go free within hours of their arrest.
- Introducing a “three strikes, you’re out” rule. After three serious offences, offenders will face mandatory minimum 10-year prison sentences with no bail, parole, house arrest, or probation.
- Imposing life sentences for fentanyl trafficking, illegal gun trafficking, and human trafficking. For too long, radical Liberals have let crime spiral out of control—Canada will no longer be a haven for criminals.
- Stopping auto theft, extortion, fraud, and arson with new minimum penalties, no house arrest, and a new more serious offence for organized theft.
- Give police the power to end tent cities.
- Bringing in tougher penalties and a new law to crack down on Intimate Partner Violence.
- Restoring consecutive sentences for multiple murderers, so the worst mass murderers are never let back on our streets.
The Bring Home Jobs–For a Change Act
This Act will be rocket fuel for our economy. We will unleash Canada’s vast resource wealth, bring back investment, and create powerful paycheques for workers so we can stand on our own feet and stand up to Trump from a position of strength, by:
- Repealing the Liberal ‘No Development Law’, C-69 and Bill C-48, lifting the cap on Canadian energy to get major projects built, unlock our resources, and start selling Canadian energy to the world again.
- Bringing in the Canada First Reinvestment Tax Cut to reward Canadians who reinvest their earnings back into our country, unlocking billions for home building, manufacturing, and tools, training and technology to boost productivity for Canadian workers.
- Creating a One-Stop-Shop to safely and rapidly approve resource projects, with one simple application and one environmental review within one year.
Poilievre will also:
- Call President Trump to end the damaging and unjustified tariffs and accelerate negotiations to replace CUSMA with a new deal on trade and security. We need certainty—not chaos, but Conservatives will never compromise on our sovereignty and security.
- Get Phase 2 of LNG Canada built to double the project’s natural gas production.
- Accelerate at least nine other projects currently snarled in Liberal red tape to get workers working and Canada building again.
“After the Lost Liberal Decade of rising costs and crime and a falling economy under America’s thumb, we cannot afford a fourth Liberal term,” said Poilievre. “We need real change, and that is what Conservatives will bring in the first 100 days of a new government. A new Conservative government will get to work on Day 1 and we won’t stop until we have delivered the change we promised, the change Canadians deserve, the change Canadians voted for.”
From Energy Now
Electric vehicle prices fell 7.8 per cent in the last quarter of 2024 year-over-year, according to the AutoTader price index
Fewer Canadians are considering buying an electric vehicle, marking the third year in a row interest has dropped despite lower EV prices, a survey from AutoTrader shows.
Forty-two per cent of survey respondents say they’re considering an EV as their next vehicle, down from 46 per cent last year. In 2022, 68 per cent said they would consider buying an EV.
Meanwhile, 29 per cent of respondents say they would exclusively consider buying an EV — a significant drop from 40 per cent last year.
The report, which surveyed 1,801 people on the AutoTrader website, shows drivers are concerned about reduced government incentives, a lack of infrastructure and long-term costs despite falling prices.
Electric vehicle prices fell 7.8 per cent in the last quarter of 2024 year-over-year, according to the AutoTader price index.
The survey, conducted between Feb. 13 and March 12, shows 68 per cent of non-EV owners say government incentives could influence their decision, while a little over half say incentives increase their confidence in buying an EV.
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