Connect with us

Dan McTeague

COP29 was a waste of time

Published

8 minute read

From Canadians For Affordable Energy

Dan McTeague

Written By Dan McTeague

The twenty-ninth edition of the U.N. Climate Change Committee’s annual “Conference of the Parties,” also known as COP29, wrapped up recently, and I must say, it seemed a much gloomier affair than the previous twenty-eight. It’s hard to imagine a more downcast gathering of elitists and activists. You almost felt sorry for them.

Oh, there was all the usual nutty Net-Zero-by-2050 proposals, which would make life harder and more expensive in developed countries, and be absolutely disastrous for developing countries, if they were even partially implemented. But a lot of the roughly 65,000 attendees seemed to realize they were just spewing hot air.

Why were they so down? It couldn’t be that they were feeling guilty about their own hypocrisy, since they had flown in, many aboard private jets, to the Middle Eastern petrostate of Azerbaijan, where fossil fuels count for two-thirds of national GDP and 90% of export revenues, to lecture the world on the evils of flying in planes and prospering from the extraction of oil and natural gas. Afterall, they did the same last year in Dubai and there was no noticeable pang of guilt there.

It’s likely that Donald Trump’s recent reelection had a lot to do with it. Living as they do in a media bubble, our governing class was completely blindsided by the American people’s decision to return their 45th president to the White House. And the fact that he won the popular vote this time made it harder to deny his legitimacy. (Note that they’ve never questioned the legitimacy of Justin Trudeau, even though his party has lost the popular vote in the past two federal elections. What’s the saying about the modern Left? “If they didn’t have double standards, they’d have no standards at all.”)

Come January, Trump is committed to (once again) pulling the U.S. out of the Paris Climate Accords, to rolling back the Biden Administration’s anti-fracking and pro-EV regulations, and to giving oil companies the green light to extract as much “liquid gold” (his phrase) as possible, with an eye towards making energy more affordable for American consumers and businesses alike. The chance that they’ll be able to leech billions in taxpayer dollars from the U.S. Treasury while he’s running the show is basically zero.

But it wasn’t just the return of Trump which has gotten the climate brigade down. After a few years on top, environmentalists have been having one setback after another. Green parties saw a huge drop off in support in the E.U. parliament’s elections this past June, losing one-third of their seats in Brussels.

And wherever they’ve actually been in government, in Germany and Ireland for instance, the Greens have dragged down the popularity of the coalitions they were part of. That’s largely because their policies have been like an arrow to the heart of those nations’ economies – see the former industrial titan Germany, where major companies like Volkswagen, Siemens, and the chemical giant BASF are frantically shifting production to China and the U.S. to escape high energy costs.

But while voters around the world are kicking climate ideologues to the curb, there are still a few places where they’re managing to cling to power for dear life.

Here in Canada, for instance, Justin Trudeau and Steven Guilbeault steadfastly refuse to consider revisiting their ruinous Net Zero policies, from their ever-increasing Carbon Tax, to their huge investments in Electric Vehicles and the mandates which will force all of us to buy pricey, unreliable EVs in just over a decade, and to the emissions caps which seek to strangle the natural resource sector on which our economy depends.

Minister Guilbeault was all-in on COP29, heading the Canadian delegation, which “hosted 65 events showcasing Canada’s leadership on climate action, nature-based solutions, sustainable finance, and Canadian clean technologies—while discussing gender equality, youth perspectives, and the critical role of Indigenous knowledge and climate leadership” and stood up for Canadian values such as “2SLGBTQI+” and “gender inclusivity.” Once again, in Azerbaijan, which has been denounced for its human rights abuses.

And no word yet on the cost of all of this – for last year’s COP28 the government – or should I say the taxpayers – spent $1.4M on travel and accommodations alone for the 633 member delegation. That number, not counting the above mentioned events, are sure to be higher, as Azerbaijan is much less of a travel destination than Dubai, and so has fewer flights in and available hotel rooms.

At the same time all of this was going on, Trudeau was 12,000 kms away in Rio de Janeiro, Brazil,  telling an audience that carbon taxation is a “moral obligation” which is more important than the cost of living: “It’s really, really easy when you’re in a short-term survive, [to say] I gotta be able to pay the rent this month, I’ve gotta be able to buy groceries for my kids, to say, OK, let’s put climate change as a slightly lower priority.”

This is madness, and it underscores how tone-deaf the prime minister is, and also why current polling looks so good for the Conservatives that Pierre Poilievre might as well start measuring the drapes at the PMO.

He has the Trudeau Liberals’ obsessive pursuit of Net Zero policies in large part to thank for that.

The world is waking up to the true cost of the Net Zero ideology, and leaving it behind. That doesn’t mean the fight is over – the activists and their allies in government are going to squeeze as many tax dollars out of this as they possibly can. But the writing is on the wall, and their window is rapidly closing.

Dan McTeague is President of Canadians for Affordable Energy.

An 18 year veteran of the House of Commons, Dan is widely known in both official languages for his tireless work on energy pricing and saving Canadians money through accurate price forecasts. His Parliamentary initiatives, aimed at helping Canadians cope with affordable energy costs, led to providing Canadians heating fuel rebates on at least two occasions. Widely sought for his extensive work and knowledge in energy pricing, Dan continues to provide valuable insights to North American media and policy makers. He brings three decades of experience and proven efforts on behalf of consumers in both the private and public spheres. Dan is committed to improving energy affordability for Canadians and promoting the benefits we all share in having a strong and robust energy sector.

Follow Author

Dan McTeague

Mark Carney would be bad for Canada

Published on

CAE Logo

 

By Dan McTeague

 

Carney is a champion of ESG, and the founder and co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ,) which seeks to harness the might of global finance to bring about a Net-Zero global economy

Whether Carney will actually throw his hat in the ring is hard to predict. He did announce that he will “be considering this decision closely with my family over the coming few days.” But his years-long  flirtation with electoral politics suggests that Carney is politically ambitious. And in the tradition of the politically ambitious, he’s lining up his constituents. At this very moment he’s busy making calls, and promises, to Liberal MPs looking for their support. Over the next several days we will hear an unending stream of praise for Carney, that he’s a ‘breath of fresh air,’ that he’s ‘just what Canada needs,’ and on and on.

Well don’t you believe it. Because one thing is for certain — Canada does not need another uber-elite, WEF hobnobbing, Green Agenda-pushing leader at the helm of any political party.

Let’s not forget who Carney is.

The former Governor of the Banks of Canada and England, Carney currently runs the megafirm Brookfield, whose offices he recently moved from Canada to the U.S., and serves as the UN Special Envoy for Climate Leadership and Finance.

Rich, established, and part of the green elite: that is Mark Carney.

warned about Carney during the Covid-19 pandemic in 2020 when he — along with climate activist and Trudeau-whisperer Gerald Butts — was pushing hard for what he called a ‘green recovery.’ At the time Carney was framing the economic and health crisis as an opportunity to ‘leapfrog’ into a new economy. Four years later and we have all experienced first hand the real meaning of this utopian green vision — soaring energy costs which have made it harder to heat our homes, gas up our cars and buy groceries.

Conservatives call him “Carbon Tax Carney,” a nickname which his apologists have started to say is unfair, since after years of championing the Carbon Tax, he has recently distanced himself from it.

Well, of course he has! Support for the Carbon Tax has cratered across the country, and Carney is just one of many long-time supporters jumping ship in the hope that their reputation — and their wider agenda — doesn’t get sucked down with it.

Carney has been, and continues to be, a carnival barker for interventionist policies and regulation to control carbon emissions. When it comes to action on the environment and the economy Carney is of the “just do what we smart people say” school. He constantly talks of an impending climate crisis, and supports his alarmist fellow travellers like climate doomster Greta Thunberg, whom he has praised for her “many positive contributions.”

Carney has persistently advocated for strict controls on corporate governance to direct support — that is, money — towards his favored fuels and technologies. In fact, his apparent “about face” on the Carbon Tax (he said it “served a purpose up until now”) came about in the context of his Senate testimony in favor of Bill S-243, the “Climate-Aligned Finance Act,” which seeks to make it nearly impossible for banks to invest in, or loan money to, oil and gas projects in Canada, and tries to force financial institutions to appoint board members ideologically opposed to hydrocarbon energy.

Carney is a champion of ESG, and the founder and co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ,) which seeks to harness the might of global finance to bring about a Net-Zero global economy. After a lot of initial excitement and acclaim (at least from the Davos-brigade), GFANZ has had trouble coping with the difficult economic times which Carney’s preferred policies have contributed to bringing about, not to mention the potential for antitrust litigation from the U.S. Department of Justice, which seems increasingly likely. Some of the group’s biggest members — Morgan Stanley, Goldman Sachs, CitiGroup, Bank of America, and Wells Fargo — have dropped out of the alliance just in the past month.

That might mean that GFANZ is not long for this world, but even so it should remain as a black mark on Carney’s résumé. It demonstrates that his economic instincts, whichsome are praising, are always towards more control, by the likes of him, over how the rest of us live our lives. And its downfall likely foreshadows what a Prime Minister Carney would do to Canada’s economy.

On energy and the environment, Carney is Trudeau with Wall Street and central bank experience: a green ideologue, but a more sophisticated one.

Canadians are fed up with green ideologues, polished or otherwise. Their ideas undermine our economic well-being, by making energy a lot more expensive. Ultimately, a Liberal Party under Mark Carney’s leadership would represent more of the same green grifting policies we saw under Justin Trudeau.

Dan McTeague is President of Canadians for Affordable Energy.

Support Dan’s Work to Keep Canadian Energy Affordable!

Canadians for Affordable Energy is run by Dan McTeague, former MP and founder of Gas Wizard. We stand up and fight for more affordable energy.

Donate Now

Continue Reading

Dan McTeague

In 2025, we have much to look forward to so let’s celebrate now

Published on

CAE Logo

 

By Dan McTeague

 

That light at the end of the tunnel we thought was an oncoming train? It might be the sun after all!

“Tis the season to be jolly,” says the song, and commonsense-loving Canadians would do well to follow that dictum this Christmas season.

To be sure, Justin Trudeau’s nine years in power have harmed our country and its people immeasurably. Trudeau has waged a multi-front war on both the production and consumption of hydrocarbon energy, the backbone of the Canadian economy.

The Trudeau government, devoted as it is to the damaging Net Zero ideology, instituted a Carbon Tax, appropriately set to increase every year on April Fool’s Day, of all days, so that Canadians would get progressively acclimated to paying more for energy every year. Like frogs in a slowly heating pot.

He was so devoted to this increase that he refused to postpone it during the dark early days of the COVID-19 pandemic when no one knew what was going on, unemployment was rising sharply, and the country was looking at a severe economic downturn. That’s ideology for you.

The Carbon Tax, compounded as it is by the less-known Clean Fuel Standard, which I’ve dubbed the Second Carbon Tax, has been an albatross around the neck of the Canadian economy, making it difficult for us to keep our heads above water. It has made it increasingly more expensive to heat our homes in a famously frigid climate, and to gas up our cars in a huge country where driving is a necessity.

Those are its obvious consequences, but somewhat less commented on has been its secondary effects on the price of goods and services. The Carbon Tax raises the cost of business at every step of our supply chain, from the farm to the grocery store, and that cost is ultimately passed onto the consumer.

And then there are the Electric Vehicle (EV) mandates, which will become an issue much sooner than you realize. The Trudeau government has mandated that by 2035, in just about a decade, every new car, SUV, or light truck sold in Canada must be an EV. This despite the fact that EVs are less reliable — once again, especially in the cold.

Charging EVs is extremely inconvenient, generally taking hours. And that’s if you can even find a charger — Natural Resources Canada estimates that we will need to build about 450,000 charging stations to meet the needs of the country, if Trudeau’s EV transition is going to work at all. Right now we have about 28,000.

They’re also expensive to produce, which is why the Trudeau government (along with their partners in crime, the Ford government in Ontario) have been heavily subsidizing their production. And they’re expensive to buy, which is why the government has been subsidizing their purchase. Which is to say, billions of taxpayer dollars are being shoveled into both ends of the EV dumpster fire!

And one of the most recent outrages perpetrated by this government has been the emission cap, which as I said in these pages a few months ago, “make Canada the only country in the world which willingly and purposefully stifles its single largest revenue stream.”

After all, a report commissioned by the Government of Alberta found that an Emissions Cap would lead to a 10% decrease in Alberta’s oil production and a 16% decrease in conventional natural gas production. The report estimates that “over the 2030 to 2040 period… real GDP in Alberta is $191 billion lower and real GDP in the Rest of Canada is $91 billion lower, compared to the baseline scenario.” Instead of growing, the economies of Alberta and Canada will have contracted by 2040, by 4.5% of GDP for the former and by 1.0% of GDP of the latter.

And if that is too abstract, it just means that working men and women, throughout our country, not just in our western provinces, will struggle to provide for their families, whether or not their professions have anything to do with oil and gas. That’s what a shrinking economy looks like.

Now, I could go on and on this way, touching on housing, crime, or rising unemployment, but a truly exhaustive list of Trudeaupian blunders might take us all the way to Easter. But I did open this article by counseling us all to rejoice, in the proper spirit of this season. And, despite this bleak picture, there is good reason to do so.

First off, rejoice because the results of Trudeau’s catastrophic governance have been noticed. Regular people have soured on his policies, particularly the supposedly “green” ones. Hammering away at the Carbon Tax has put Pierre Poilievre’s Conservatives in a pretty good position to win the federal election we’re set to have on or before (preferably before) October 20, 2025. At which point we can begin the process of doing a significant course correction and putting the past 9 years behind us.

That is easier said than done. It will take a lot of hard work on the part of the Conservatives to undo the ideological policies which have made our lives unaffordable, and there will be the temptation to go after the low hanging fruit by, say, canceling the Carbon Tax and leaving the rest of the rotten Net Zero superstructure in place.

That would be bad, and if they try anything along those lines, I will be the first to call them on it. Even so, they are unlikely to actively make things worse, which makes them better than the Trudeau Liberals.

But more importantly, we should rejoice because politics isn’t everything. That’s easy to forget when we’re throwing elbows on Twitter/X and elsewhere, but there’s more to life than this. With all of our problems, we’re still blessed to live in a beautiful, peaceful country with abundant natural resources and full of good people.

So my advice to you, dear reader, is to make it a point during these holidays to spend some time with family and catch up with some old friends, whatever their political persuasion.

You won’t regret it.

Dan McTeague is President of Canadians for Affordable Energy.

Continue Reading

Trending

X