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Carney Climate Plan is More of the Same

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News release from Friends of Science

 Mark Carney has released his climate platform for his leadership bid for the federal Liberal party of Canada, but it is just ‘more of the same,’ says Friends of Science Society in a new report by Robert Lyman.

Titled “Putting Lipstick on a Pig,” Lyman’s report reveals the devastating financial impact of current policies, denouncing Carney’s plan to impose ever more stringent regulations, to shift the unpopular consumer-facing carbon tax to a higher burden on industry. Lyman denounced Carney’s interest in adopting the EU’s Carbon Border Adjustment Mechanism (CBAM), which goes into effect in the EU this year. CBAM is a tariff on imports from countries that don’t have carbon emission abatement programs equivalent to the EU’s or Canada’s. Onerous, mandatory Scope 1, 2 and 3 emissions reporting is inherent in CBAM implementation.

Friends of Science Society had issued a letter to the International Sustainability Standards Board in 2022. In it, potential financial burdens and social damages for mandatory emissions reporting in the USA were summarized by Steve Soukup, author of “The Dictatorship of Woke,” as, “The SEC’s own estimates suggest that the overall cost of disclosure and compliance for public companies will rise from approximately $3.8 billion per year to over $10.2 billion—a more than 250 percent increase, based on this rule alone.”

Carney is former governor of the Bank of England and of the Bank of Canada, and past UN climate finance ‘czar.’ He favors mandatory emissions reporting. He was a principal architect of the Global Financial Alliance for Net Zero (GFANZ) which intended to have the world of finance sway markets. In the US House Judiciary Committee report “Climate Control…” “the committee claims the ‘climate cartel’ is waging a ‘global war on the American way of life.'”

Curiously, in in his keynote speech at the 2021 UN Principles of Responsible Investment (PRI) China Climate Neutrality Week, Carney thanks China for the impetus for establishing the Network for Greening the Financial System and the groundwork for the mandatory emissions reporting which he now promotes.

Key banks and influential asset managers have since left GFANZ and similar organizations have disbanded as the US antitrust investigation continues.

Other Canadian commentators disapprove Carney’s climate plan. The Financial Post of Feb. 11, 2025, published an op-ed “Hiding the Costs of Net Zero doesn’t Reduce Them.” Writing in “The Hub,” energy analyst Heather Exner-Pirot is blunt about Carney’s plan – it is outdated, and the public have moved on to affordability and energy security concerns.

Far from ‘the science is settled,’ a new collection of scientific papers, posted on the Heritage Foundation’s site, demonstrate much of the alarmist rhetoric regarding climate change is vastly overstated. These papers align closely with and support the Trump administration’s current energy policy in the United States.

A new Friends of Science video “Nix Net Zero or Climate Billions will Bankrupt Canada” on the Clean Electricity Regulations released in Dec. 2024, shows that Canada would spend $690 Billion just to reduce 8% of its emissions from the electricity sector – possibly as much as $12 trillion to reduce all emissions. Canada’s annual GDP is only $2.2 trillion. Fraser Institute just released a report “Decarbonizing Canada’s Electricity Generation” on Canada’s impractical, unrealistic decarbonization goals.

Despite President Trump having pulled America out of the Paris Agreements and all other climate-related financial obligations, a group of states and cities called “America-is-all-In” vows to continue its forms of climate action, to meet Paris targets.

About:

Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens who are celebrating its 22nd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).

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2025 Federal Election

Next federal government should recognize Alberta’s important role in the federation

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From the Fraser Institute

By Tegan Hill

With the tariff war continuing and the federal election underway, Canadians should understand what the last federal government seemingly did not—a strong Alberta makes for a stronger Canada.

And yet, current federal policies disproportionately and negatively impact the province. The list includes Bill C-69 (which imposes complex, uncertain and onerous review requirements on major energy projects), Bill C-48 (which bans large oil tankers off British Columbia’s northern coast and limits access to Asian markets), an arbitrary cap on oil and gas emissions, numerous other “net-zero” targets, and so on.

Meanwhile, Albertans contribute significantly more to federal revenues and national programs than they receive back in spending on transfers and programs including the Canada Pension Plan (CPP) because Alberta has relatively high rates of employment, higher average incomes and a younger population.

For instance, since 1976 Alberta’s employment rate (the number of employed people as a share of the population 15 years of age and over) has averaged 67.4 per cent compared to 59.7 per cent in the rest of Canada, and annual market income (including employment and investment income) has exceeded that in the other provinces by $10,918 (on average).

As a result, Alberta’s total net contribution to federal finances (total federal taxes and payments paid by Albertans minus federal money spent or transferred to Albertans) was $244.6 billion from 2007 to 2022—more than five times as much as the net contribution from British Columbians or Ontarians. That’s a massive outsized contribution given Alberta’s population, which is smaller than B.C. and much smaller than Ontario.

Albertans’ net contribution to the CPP is particularly significant. From 1981 to 2022, Alberta workers contributed 14.4 per cent (on average) of total CPP payments paid to retirees in Canada while retirees in the province received only 10.0 per cent of the payments. Albertans made a cumulative net contribution to the CPP (the difference between total CPP contributions made by Albertans and CPP benefits paid to retirees in Alberta) of $53.6 billion over the period—approximately six times greater than the net contribution of B.C., the only other net contributing province to the CPP. Indeed, only two of the nine provinces that participate in the CPP contribute more in payroll taxes to the program than their residents receive back in benefits.

So what would happen if Alberta withdrew from the CPP?

For starters, the basic CPP contribution rate of 9.9 per cent (typically deducted from our paycheques) for Canadians outside Alberta (excluding Quebec) would have to increase for the program to remain sustainable. For a new standalone plan in Alberta, the rate would likely be lower, with estimates ranging from 5.85 per cent to 8.2 per cent. In other words, based on these estimates, if Alberta withdrew from the CPP, Alberta workers could receive the same retirement benefits but at a lower cost (i.e. lower payroll tax) than other Canadians while the payroll tax would have to increase for the rest of the country while the benefits remained the same.

Finally, despite any claims to the contrary, according to Statistics Canada, Alberta’s demographic advantage, which fuels its outsized contribution to the CPP, will only widen in the years ahead. Alberta will likely maintain relatively high employment rates and continue to welcome workers from across Canada and around the world. And considering Alberta recorded the highest average inflation-adjusted economic growth in Canada since 1981, with Albertans’ inflation-adjusted market income exceeding the average of the other provinces every year since 1971, Albertans will likely continue to pay an outsized portion for the CPP. Of course, the idea for Alberta to withdraw from the CPP and create its own provincial plan isn’t new. In 2001, several notable public figures, including Stephen Harper, wrote the famous Alberta “firewall” letter suggesting the province should take control of its future after being marginalized by the federal government.

The next federal government—whoever that may be—should understand Alberta’s crucial role in the federation. For a stronger Canada, especially during uncertain times, Ottawa should support a strong Alberta including its energy industry.

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2025 Federal Election

Donald Trump suggests Mark Carney will win Canadian election, touts ‘productive call’ with leader

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From LifeSiteNews

‘It was an extremely productive call, we agree on many things, and will be meeting immediately after Canada’s upcoming Election,’ Trump wrote about Carney on Friday.

U.S. President Donald Trump says he had “an extremely productive call” with Prime Minister Mark Carney and implied that the World Economic Forum-linked politician will win Canada’s upcoming federal election.

“I just finished speaking with Prime Minister Mark Carney, of Canada,” Trump wrote on Truth Social Friday. “It was an extremely productive call, we agree on many things, and will be meeting immediately after Canada’s upcoming Election to work on elements of Politics, Business, and all other factors, that will end up being great for both the United States of America and Canada. Thank you for your attention to this matter!”

Reacting to the post, LifeSiteNews editor-in-chief John-Henry Westen wrote on X:

Trump’s comments come just weeks before Canadians head to the polls on April 28 for a federal election. Carney called the snap-election just nine days after taking over for Justin Trudeau as leader of the Liberal Party and prime minister.

Carney, an admitted “globalist” and “elitist,” formerly served as head of the Bank of Canada and Bank of England, and has extensive ties to globalist groups like the World Economic Forum and the United Nations.

Trump’s comments regarding Carney may prove significant as much of the debate in the mainstream media ahead of the election has been about how the prospective leaders will handle tariff threats and trade deals with America.

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