Economy
Doug Ford – the Net Zero Premier
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By Dan McTeague
Doug Ford came into power promising a change from the Kathleen Wynne Green Energy Act fiasco – the one which saddled Ontario taxpayers with costly green energy contracts, driving up the price of power. Ford promised to scrap those wasteful contracts, lower hydro rates, and restore affordability to Ontario. But as we take stock of his energy policies today, it seems Ford is steering Ontario down a path that feels a bit too familiar.
For all his talk about energy affordability, Ford continues to pander to the environmentalist “Net Zero” ideology that got Ontario into this mess in the first place. The idea is that somehow Canada will be a net zero emitter of greenhouse gas emissions by 2050. We have seen this play out at the Federal level, with the Trudeau Liberals implementing a host of reckless and punitive policies in the vain hopes of achieving this preposterous goal. You can thank Net Zero for Carbon Taxes, Emissions Caps, the Clean Fuel Standard, Electric Vehicle Mandates and on and on.
Instead of backing away and distancing himself from this scam, Doug Ford has embraced and doubled down on it. Recall that during a provincial leaders debate in June 2022, Ford stated that he will not be happy until Ontario achieves a 100% zero-carbon electricity grid, buying into the Net Zero electrification nonsense that the Trudeau government is pushing. This would mean moving away from fossil fuels like affordable and reliable natural gas as energy sources in Ontario.
Stephen Lecce, Ford’s minister of the recently renamed Ministry of Energy and Electrification, is full steam ahead on this project. And the ministry’s new name is significant, pointing towards an “energy transition” for Ontario, such that eventually everything – cars, home heating, etc. – will be run on electricity rather than traditional fuels.
Currently, about 20 per cent of Ontario’s energy needs are met by electricity, so where will this electricity come from, without fossil fuels? At a recent Empire Club event, Ford gave a fireside chat where he discussed Ontario’s electricity plan (you can hear the interview here). He spoke about the energy sector and his commitment to all low carbon options for Ontario’s electricity grid, including wind and solar. This marks a reversal of his earlier skepticism about these technologies. The irony is that Ontario taxpayers are still paying for the expensive legacy of earlier wind and solar government spending. Wasting more taxpayer dollars will mean more of the following: higher energy costs, decreased grid reliability, and growing public debt.
As energy expert Parker Gallant has pointed out, the costs of wind power alone have been staggering, with taxpayers footing the bill for inefficient projects that deliver intermittent power. Doubling down on these same strategies, even under a different name, does little to address affordability or reliability.
Ford has hitched his horse fully to the Net Zero wagon. According to his government’s policy document Planning for electrification and the energy transition: “Much of the world – including many of Ontario’s major trading partners – have committed to achieving economy-wide carbon neutrality by 2050.” Consequently, it recommends that Ontario adopt similar Net Zero strategies, as doing so allegedly contributes “to the global climate solution and thereby sets the province up to succeed and prosper in the emerging global clean energy economy.”
These claims didn’t make sense when they were made five years ago and they make even less sense today. Afterall, Ontario’s largest trading partner to the South has just elected Donald Trump whose policy approach to energy can be summarized by the phrase, “Drill Baby Drill.” We can expect that one of Trump’s first acts as president will be to (once again) exit the Paris Agreement. Trump has no intention of drinking the Net Zero KoolAid, though he will no doubt be happy to have America’s competitors like Canada burden themselves with unnecessary environmental commitments and regulations, which will drive up the cost of doing business and make “made in America” a much more attractive brand. Competitiveness and affordability in Canada can go out the window as manufacturers and businesses will start looking South as the more attractive business environment.
While Trump seeks to unleash the United States’ energy potential, Ford will only stifle Ontario’s. Which is to say, Ford is setting Ontario up for failure. Now that is a real net zero.
Dan McTeague is President of Canadians for Affordable Energy.
Business
Trump declares he will impose tariffs on Europe, says EU was formed to cheat America
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From LifeSiteNews
Trump said in his first cabinet meeting that his administration will soon begin placing tariffs on products from the countries of the EU, accusing the European Union of cheating the US.
President Donald Trump blasted the European Union during the first cabinet meeting of his new administration, saying that “The European Union was formed in order to screw the United States. That’s the purpose of it.”
“I love the countries of Europe,” Trump began, “but the European Union was formed to screw the United States.”
“Let’s be honest. The European Union was formed in order to screw the United States,” he reemphasized. “That’s the purpose of it.”
“And they’ve done a good job of it,” he said, before warning: “But now I’m president.”
Trump said that his administration will soon begin placing tariffs on the products of the countries of the EU.
Asked if he expected the EU to retaliate if the U.S. imposes stiff tariffs, Trump said: “They can’t. I mean they can try, but they can’t.”
“We are the pot of gold,” he explained. “We’re the one that everybody wants, and they can retaliate, but it cannot be a successful retaliation, because we just go cold turkey, we don’t buy any more, and if that happens, we win.”
Business
Carney’s plan to balance the budget missing one thing, a plan to balance the budget
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The Canadian Taxpayers Federation is criticizing Liberal leadership front-runner Mark Carney’s fiscal plan for having no credible plan to balance the budget or cut spending.
“Carney wants to run on his economic credibility, but he has no credible plan to cut spending or balance the budget,” said Franco Terrazzano, CTF Federal Director. “The next time Carney releases a plan to balance the budget, he should remember to include the plan to balance the budget.”
Today Carney released his “approach to federal budgeting.” Carney’s backgrounder acknowledges “the federal government has been spending too much,” but Carney’s plan does not include a plan to balance the budget or cut spending.
Carney plans to separate the government’s operating and capital budgets.
“A Mark Carney-led government will balance the operating budget in three years,” Carney’s backgrounder states. “At the same time, we will run a small deficit on capital spending.”
“Prime Minister Justin Trudeau told Canadians he would balance the budget after a few small deficits, but instead of balancing the books he ran massive deficits and doubled the debt,” Terrazzano said. “Carney needs to go back to the drawing board and come up with a credible plan to balance the budget and cut spending.”
The federal government ran a $62-billion deficit last year. That’s $20 billion higher than its promised fiscal guardrail.
The Trudeau government doubled the debt in less than a decade. Interest charges on the debt are costing taxpayers $54 billion this year. For context, the government is wasting more money on debt interest charges than it sends to the provinces in health-care transfers.
“A balanced budget means the government stops adding to the debt, but Carney’s plan would continue to rack up debt and waste more money on interest charges,” Terrazzano said. “Carney acknowledges the government has a spending problem and now he needs to find concrete ways to save money, balance the budget and cut the debt.”
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