Business
Carney says as PM he would replace the Carbon Tax with something ‘more effective’
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From the Canadian Taxpayers Federation
Carney stumbles out the gate on carbon taxes
Prime minister hopeful Mark Carney is supposed to be the economic messiah sent to save the Liberals from the depths of polling purgatory.
But right out the gate, Carney showed he doesn’t have an answer to the most important question:
Will he keep the carbon tax?
Carney should have seen that question coming. His campaign leaked to the media that he would scrap the carbon tax. But when reporters asked him that question at his campaign kickoff in Edmonton, he went wonky and wobbly.
It should have been a yes or no answer. Instead, Carney served up an unappetizing word salad.
“If you are going to take out the carbon tax, we should replace it with something that is at least, if not more, effective,” Carney said. “Perception may be that it takes out more than the rebate provides, but reality is different, and Canadians will miss that money.”
Carney’s stance on the carbon tax is clear as mud and it’s bad for two key reasons.
First: he’d replace the carbon tax with something more “effective.”
The carbon tax has been very effective at sucking a lot of money out of the wallets of Canadians. And the carbon tax has been ineffective at hitting the government’s own emissions targets.
The carbon tax is an expensive failure.
Second: Carney parrots the insulting Trudeau government narrative that the carbon tax is all a “perception” problem.
The message is Canadians are too stupid to appreciate the genius of the carbon tax, and if the government could change the perception of the masses, the carbon tax would be just fine.
Worse for Carney, his answer was an assault on his own brand.
Carney’s the guy who is supposed to have his homework done. Instead, he shrugged at the obvious question, saying he’d release a “comprehensive” plan later.
In other words: just trust him.
But here’s the thing: Carney should have had an answer yesterday and taxpayers have trust issues.
When the Liberals won the 2015 election, their platform was sparse on details about their future signature policy. The carbon tax was buried on page 39 of their platform as “a price on carbon.”
The Liberal government imposed a carbon tax in 2019 misleading Canadians, saying the tax would stop at 11 cents per litre of gasoline in 2022.
“The commitment was to go up to 2022,” then environment minister Catherine McKenna said, shortly before the 2019 federal election. “There was no intention to go up beyond that, there’s no secret agenda.”
After the election, the Trudeau government announced it would keep cranking up the carbon tax every year until it cost 37 cents per litre in 2030. Filling up a minivan at that rate would cost nearly $30 extra in just the carbon tax.
The current Liberal government still won’t rule out future carbon tax hikes.
The government also claims most families get more back in rebates than they pay in the carbon tax, despite the Parliamentary Budget Officer issuing three reports confirming the carbon tax costs Canadians.
The carbon tax will cost the average family up to $399 this year, even with the rebates factored in, according to the PBO.
Liberal leadership hopefuls who want to earn trust with taxpayers must push the Trudeau cabinet to scrap the carbon tax immediately.
The next Liberal leader faces a daunting timeline.
When Parliament comes back on March 24, there will be a throne speech, then likely a flurry of confidence motions. This could bring down the government and trigger an election.
On April 1, the government is set to hike the carbon tax.
Does Carney want to hike the carbon tax during the first week of his election campaign?
If Carney is as savvy as we’ve been told, then his answer should be a loud “no.”
To prove to Canadians he’s opposed to the carbon tax, Carney must call on the Trudeau cabinet to scrap it right now.
Business
DOJ drops Biden-era discrimination lawsuit against Elon Musk’s SpaceX
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MxM News
Quick Hit:
The Justice Department has withdrawn a discrimination lawsuit against Elon Musk’s SpaceX that was filed during the Biden administration. The lawsuit accused SpaceX of discriminatory hiring practices against asylum seekers and refugees. The move follows ongoing cost-cutting measures led by Musk as the head of the Department of Government Efficiency under the 47th President Donald Trump’s administration.
Key Details:
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The DOJ filed an unopposed motion in Texas federal court to lift a stay on the case, signaling its intent to formally dismiss the lawsuit.
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The lawsuit, filed in 2023, alleged SpaceX required job applicants to be U.S. citizens or permanent residents, a restriction prosecutors argued was unlawful for many positions.
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Elon Musk criticized the lawsuit as politically motivated, asserting that SpaceX was advised hiring non-permanent residents would violate international arms trafficking laws.
Diving Deeper:
The Justice Department, led by Attorney General Pam Bondi, has moved to drop the discrimination lawsuit against SpaceX, marking another reversal of Biden-era legal actions. The case, initiated in 2023, accused SpaceX of discriminating against asylum seekers and refugees by requiring job applicants to be U.S. citizens or permanent residents. Prosecutors claimed the hiring policy unlawfully discouraged qualified candidates from applying.
The DOJ’s decision to withdraw the case follows a judge’s earlier skepticism about the department’s authority to pursue the claims. No official reason for the withdrawal was provided, and neither Musk, SpaceX, nor the DOJ have issued public statements on the development.
Elon Musk was outspoken in his criticism of the lawsuit, labeling it as a politically motivated attack. Musk argued that SpaceX was repeatedly informed that hiring non-permanent residents would violate international arms trafficking laws, exposing the company to potential criminal penalties. He accused the Biden-era DOJ of weaponizing the case for political purposes.
The decision to drop the lawsuit coincides with Musk’s growing influence within the Trump administration, where he leads the Department of Government Efficiency (DOGE). Under his leadership, DOGE has implemented aggressive cost-cutting measures across federal agencies, including agencies that previously investigated SpaceX. The Federal Aviation Administration (FAA), which proposed fining SpaceX $633,000 for license violations in 2023, is currently under review by DOGE officials embedded within the agency.
Meanwhile, SpaceX’s regulatory challenges appear to be easing. A Texas-based environmental group recently dropped a separate lawsuit accusing the company of water pollution at its launch site near Brownsville. The withdrawal of the DOJ lawsuit signals a significant victory for Musk as he continues to navigate regulatory scrutiny while advancing his business ventures under the Trump administration.
Business
PepsiCo joins growing list of companies tweaking DEI policies
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MxM News
Quick Hit:
PepsiCo is the latest major U.S. company to adjust its diversity, equity, and inclusion (DEI) policies as 47th President Donald Trump continues his campaign to end DEI practices across the federal government and private sector. The company is shifting away from workforce representation goals and repurposing its DEI leadership, signaling a broader trend among American corporations.
Key Details:
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PepsiCo will end DEI workforce representation goals and transition its chief DEI officer to focus on associate engagement and leadership development.
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The company is introducing a new “Inclusion for Growth” strategy as its five-year DEI plan concludes.
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PepsiCo joins other corporations, including Target and Alphabet-owned Google, in reconsidering DEI policies following Trump’s call to end “illegal DEI discrimination and preferences.”
Diving Deeper:
PepsiCo has announced significant changes to its DEI initiatives, aligning with a growing movement among U.S. companies to revisit diversity policies amid political pressure. According to an internal memo, the snacks and beverages giant will no longer pursue DEI workforce representation goals. Instead, its chief DEI officer will transition to a broader role that focuses on associate engagement and leadership development. This shift is part of PepsiCo’s new “Inclusion for Growth” strategy, set to replace its expiring five-year DEI plan.
The company’s decision to reevaluate its DEI policies comes as President Donald Trump continues his push against DEI practices, urging private companies to eliminate what he calls “illegal DEI discrimination and preferences.” Trump has also directed federal agencies to terminate DEI programs and has warned that academic institutions could face federal funding cuts if they continue with such policies.
PepsiCo is not alone in its reassessment. Other major corporations, including Target and Google, have also modified or are considering changes to their DEI programs. This trend reflects a broader corporate response to the evolving political landscape surrounding DEI initiatives.
Additionally, PepsiCo is expanding its supplier base by broadening opportunities for all small businesses to participate, regardless of demographic categories. The company will also discontinue participation in single demographic category surveys, further signaling its shift in approach to DEI.
As companies like PepsiCo navigate these changes, the debate over the future of DEI in corporate America continues. With Trump leading a campaign against these practices, more companies may follow suit in reevaluating their DEI strategies.
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