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Economy

Feds spending $1.7 million pushing carbon tax on other countries

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From the Canadian Taxpayers Federation

Author: Ryan Thorpe

The Trudeau government is dumping $1.7 million into a failed bid to get countries around the world to impose carbon taxes, according to access-to-information records obtained by the Canadian Taxpayers Federation.

“All Canadians need to do to know Prime Minister Justin Trudeau’s carbon tax push is an utter failure is look south of the border and see the United States’ refusal to impose their own tax,” said Franco Terrazzano, CTF Federal Director. “If Trudeau can’t even get our biggest trading partner and ally to impose a carbon tax, then why is he wasting money trying to push this unpopular tax around the world?”

The Trudeau government launched the Global Carbon Pricing Challenge at COP26 in 2021.

The program “aims to see 60 per cent of global GHG emissions covered by carbon pricing policies by 2030.” The program website notes “carbon pricing is most effective when more countries adopt it.”

But the results so far are dismal for the government.

Only 24 per cent of global emissions are currently covered by a carbon tax. About 70 per cent of countries do not have a national carbon tax, according to the World Bank.

Three of the four largest emitting countries – the U.S., Russia and India – currently do not have a national carbon tax, according to the World Bank.

“The [climate] community has largely moved into a different framework,” said John Podesta, a long-time Democratic strategist, when asked about whether the Biden administration would impose a carbon tax in the U.S.

Only 12 countries, including Kazakhstan and Chile, have signed onto the Global Carbon Pricing Challenge as “partners,” alongside the European Union. Côte d’Ivoire is listed as the lone “friend” of the program.

There are 195 countries in the world, according to the United Nations.

“This program is a complete failure that’s wasting taxpayers’ money,” Terrazzano said. “The carbon tax makes life in Canada more expensive, forces taxpayers to pay for more bureaucrats to administer it and now we learn we’re also paying for the government to push this failed policy on other countries.”

Records obtained by the CTF show the Trudeau government has spent $811,598 on salaries for bureaucrats, operations and maintenance, and guidance and control for the program since the 2021-22 fiscal year.

The government committed an additional $974,900 towards the creation of an independent secretariat to “support the GCPC.”

The federal government has also spent about $200 million administering the carbon tax in Canada since it was first imposed, according to separate records obtained by the CTF.

Canada’s “GDP is expected to be about $25 billion lower in 2030 due to carbon pricing than it would be otherwise,” according to the Globe and Mail.

“Trudeau should stop wasting money, stop punishing Canadians and scrap the carbon tax,” Terrazzano said.

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Economy

Trump opens door to Iranian oil exports

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This article supplied by Troy Media.

Troy MediaBy Rashid Husain Syed

U.S. President Donald Trump’s chaotic foreign policy is unravelling years of pressure on Iran and fuelling a surge of Iranian oil into global markets. His recent pivot to allow China to buy Iranian crude, despite previously trying to crush those exports, marks a sharp shift from strategic pressure to transactional diplomacy.

This unpredictability isn’t just confusing allies—it’s transforming global oil flows. One day, Trump vetoes an Israeli plan to assassinate Iran’s supreme leader, Ayatollah Khamenei. Days later, he calls for Iran’s unconditional surrender. After announcing a ceasefire between Iran, Israel and the United States, Trump praises both sides then lashes out at them the next day.

The biggest shock came when Trump posted on Truth Social that “China can now continue to purchase Oil from Iran. Hopefully, they will be  purchasing plenty from the U.S., also.” The statement reversed the “maximum pressure” campaign he reinstated in February, which aimed to drive Iran’s oil exports to zero. The campaign reimposes sanctions on Tehran, threatening penalties on any country or company buying Iranian crude,
with the goal of crippling Iran’s economy and nuclear ambitions.

This wasn’t foreign policy—it was deal-making. Trump is brokering calm in the Middle East not for strategy, but to boost American oil sales to China. And in the process, he’s giving Iran room to move.

The effects of this shift in U.S. policy are already visible in trade data. Chinese imports of Iranian crude hit record levels in June. Ship-tracking firm Vortexa reported more than 1.8 million barrels per day imported between June 1 and 20. Kpler data, covering June 1 to 27, showed a 1.46 million bpd average, nearly 500,000 more than in May.

Much of the supply came from discounted May loadings destined for China’s independent refineries—the so-called “teapots”—stocking up ahead of peak summer demand. After hostilities broke out between Iran and Israel on June 12, Iran ramped up exports even further, increasing daily crude shipments by 44 per cent within a week.

Iran is under heavy U.S. sanctions, and its oil is typically sold at a discount, especially to China, the world’s largest oil importer. These discounted barrels undercut other exporters, including U.S. allies and global producers like Canada, reducing global prices and shifting power dynamics in the energy market.

All of this happened with full knowledge of the U.S. administration. Analysts now expect Iranian crude to continue flowing freely, as long as Trump sees strategic or economic value in it—though that position could reverse without warning.

Complicating matters is progress toward a U.S.-China trade deal. Commerce Secretary Howard Lutnick told reporters that an agreement reached in May has now been finalized. China later confirmed the understanding. Trump’s oil concession may be part of that broader détente, but it comes at the cost of any consistent pressure on Iran.

Meanwhile, despite Trump’s claims of obliterating Iran’s nuclear program, early reports suggest U.S. strikes merely delayed Tehran’s capabilities by a few months. The public posture of strength contrasts with a quieter reality: Iranian oil is once again flooding global markets.

With OPEC+ also boosting output monthly, there is no shortage of crude on the horizon. In fact, oversupply may once again define the market—and Trump’s erratic diplomacy is helping drive it.

For Canadian producers, especially in Alberta, the return of cheap Iranian oil can mean downward pressure on global prices and stiffer competition in key markets. And with global energy supply increasingly shaped by impulsive political decisions, Canada’s energy sector remains vulnerable to forces far beyond its borders.

This is the new reality: unpredictability at the top is shaping the oil market more than any cartel or conflict. And for now, Iran is winning.

Toronto-based Rashid Husain Syed is a highly regarded analyst specializing in energy and politics, particularly in the Middle East. In addition to his contributions to local and international newspapers, Rashid frequently lends his expertise as a speaker at global conferences. Organizations such as the Department of Energy in Washington and the International Energy Agency in Paris have sought his insights on global energy matters.

Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country.

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Alberta

Pierre Poilievre – Per Capita, Hardisty, Alberta Is the Most Important Little Town In Canada

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From Pierre Poilievre

The tiny town of Hardisty, Alberta (623 people) moves $90 billion in energy a year—that’s more than the GDP of some countries.

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