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Carney Climate Plan is More of the Same

Published

2 months ago

5 minute read

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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Bjorn Lomborg / 40 mins ago

Net zero’s cost-benefit ratio is crazy high

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Bjorn Lomborg

Net zero’s cost-benefit ratio is crazy high

Published on April 22, 2025

By

From the Fraser Institute

By Bjørn Lomborg

The best academic estimates show that over the century, policies to achieve net zero would cost every person on Earth the equivalent of more than CAD $4,000 every year. Of course, most people in poor countries cannot afford anywhere near this. If the cost falls solely on the rich world, the price-tag adds up to almost $30,000 (CAD) per person, per year, over the century.

Canada has made a legal commitment to achieve “net zero” carbon emissions by 2050. Back in 2015, then-Prime Minister Trudeau promised that climate action will “create jobs and economic growth” and the federal government insists it will create a “strong economy.” The truth is that the net zero policy generates vast costs and very little benefit—and Canada would be better off changing direction.

Achieving net zero carbon emissions is far more daunting than politicians have ever admitted. Canada is nowhere near on track. Annual Canadian CO₂ emissions have increased 20 per cent since 1990. In the time that Trudeau was prime minister, fossil fuel energy supply actually increased over 11 per cent. Similarly, the share of fossil fuels in Canada’s total energy supply (not just electricity) increased from 75 per cent in 2015 to 77 per cent in 2023.

Over the same period, the switch from coal to gas, and a tiny 0.4 percentage point increase in the energy from solar and wind, has reduced annual CO₂ emissions by less than three per cent. On that trend, getting to zero won’t take 25 years as the Liberal government promised, but more than 160 years. One study shows that the government’s current plan which won’t even reach net-zero will cost Canada a quarter of a million jobs, seven per cent lower GDP and wages on average $8,000 lower.

Globally, achieving net-zero will be even harder. Remember, Canada makes up about 1.5 per cent of global CO₂ emissions, and while Canada is already rich with plenty of energy, the world’s poor want much more energy.

In order to achieve global net-zero by 2050, by 2030 we would already need to achieve the equivalent of removing the combined emissions of China and the United States — every year. This is in the realm of science fiction.

The painful Covid lockdowns of 2020 only reduced global emissions by about six per cent. To achieve net zero, the UN points out that we would need to have doubled those reductions in 2021, tripled them in 2022, quadrupled them in 2023, and so on. This year they would need to be sextupled, and by 2030 increased 11-fold. So far, the world hasn’t even managed to start reducing global carbon emissions, which last year hit a new record.

Data from both the International Energy Agency and the US Energy Information Administration give added cause for skepticism. Both organizations foresee the world getting more energy from renewables: an increase from today’s 16 per cent to between one-quarter to one-third of all primary energy by 2050. But that is far from a transition. On an optimistically linear trend, this means we’re a century or two away from achieving 100 percent renewables.

Politicians like to blithely suggest the shift away from fossil fuels isn’t unprecedented, because in the past we transitioned from wood to coal, from coal to oil, and from oil to gas. The truth is, humanity hasn’t made a real energy transition even once. Coal didn’t replace wood but mostly added to global energy, just like oil and gas have added further additional energy. As in the past, solar and wind are now mostly adding to our global energy output, rather than replacing fossil fuels.

Indeed, it’s worth remembering that even after two centuries, humanity’s transition away from wood is not over. More than two billion mostly poor people still depend on wood for cooking and heating, and it still provides about 5 per cent of global energy.

Like Canada, the world remains fossil fuel-based, as it delivers more than four-fifths of energy. Over the last half century, our dependence has declined only slightly from 87 per cent to 82 per cent, but in absolute terms we have increased our fossil fuel use by more than 150 per cent. On the trajectory since 1971, we will reach zero fossil fuel use some nine centuries from now, and even the fastest period of recent decline from 2014 would see us taking over three centuries.

Global warming will create more problems than benefits, so achieving net-zero would see real benefits. Over the century, the average person would experience benefits worth $700 (CAD) each year.

But net zero policies will be much more expensive. The best academic estimates show that over the century, policies to achieve net zero would cost every person on Earth the equivalent of more than CAD $4,000 every year. Of course, most people in poor countries cannot afford anywhere near this. If the cost falls solely on the rich world, the price-tag adds up to almost $30,000 (CAD) per person, per year, over the century.

Every year over the 21st century, costs would vastly outweigh benefits, and global costs would exceed benefits by over CAD 32 trillion each year.

We would see much higher transport costs, higher electricity costs, higher heating and cooling costs and — as businesses would also have to pay for all this — drastic increases in the price of food and all other necessities. Just one example: net-zero targets would likely increase gas costs some two-to-four times even by 2030, costing consumers up to $US52.6 trillion. All that makes it a policy that just doesn’t make sense—for Canada and for the world.

Bjørn Lomborg

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Media

CBC retracts false claims about residential schools after accusing Rebel News of ‘misinformation’

Published on April 22, 2025

By

From LifeSiteNews

By Clare Marie Merkowsky

CBC has issued a correction after falsely accused Rebel News of spreading misinformation while itself promoting the false claim that remains of Indigenous children were found in unmarked graves at residential schools.

The Canadian Broadcasting Corporation (CBC) has issued a correction after blaming Rebel News of “misinformation” while spreading false information itself.

On April 17, CBC corrected a comment from chief political correspondent Rosemary Barton who accused Rebel News reporter Drea Humphrey of spreading “misinformation,” while repeating the false claim that bodies have been found in unmarked graves at Indigenous residential schools.

“Yes, there have been remains of Indigenous children found in various places across the country,” Barton falsely stated during a live broadcast following the French-language federal election leaders’ debate.

Her comment was in reference to New Democratic Leader (NDP) Jagmeet Singh refusing to answer a reporter’s question whether he would condemn the rash of church burnings and acts of vandalism across Canada.

“In this case you saw Mr. Singh, and this has been his position for some time, to refuse to answer questions,” Barton said during the live stream.

“Rebel News in particular traffics in misinformation, lack of facts, and as you heard in that question, which was woven with some truth and some things that weren’t true,” she claimed.

“Yes, there have been burnings of Christian, Catholic churches,” she admitted.

“Yes, there have been remains of Indigenous children found in various places around the country, which she misrepresented,” Barton falsely stated.

Despite mass excavations, there have still been no mass graves discovered at any residential schools across Canada, but politicians and media continue to promote the false narrative.

However, even in their correction statement, CBC failed to mention that, to date, no human remains have been discovered.

“As CBC News has reported on multiple occasions, what several Indigenous communities across Canada have discovered on the sites of some former residential schools are potential burial sites or unmarked graves,” the statement read.

However, CBC is now well known for pushing the false narrative that hundreds of children were buried and disregarded by Catholic priests and nuns who ran some of the schools. As a consequence of that false narrative, since 2021, over 100 churches have been burned or vandalized across Canada in seeming retribution.

Indeed, in addition to perpetuating the “mass graves” narrative, media and politicians have even threatened to punish those who oppose it. In October 2024, CBC ran a story which suggested that “residential school denialism” should be criminalized.

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