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Economy

Net Zero Part Two: Misleading Language

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Article from Canadians For Affordable Energy, AffordableEnergy.ca

As I continue to offer comment on the whole Net Zero by 2050 discussion, I am starting with a series of pieces to lay some groundwork. My recent blog, Net Zero Part One: Defining the Terms explained the challenges with the language used by the “Net Zero” lobby.

Today’s blog digs a bit further on the problematic language behind the Net Zero by 2050 agenda.

The advocates of Net Zero by 2050 talk in very rosy terms about how they want to eliminate the bad practices.

In particular, they say their plan is to de-carbonize society and thereby eliminate carbon dioxide pollution. Trudeau’s carbon taxes are all about achieving these ends. You have to pay more, but that’s necessary because Trudeau says we need to de-carbonize and eliminate carbon dioxide pollution.

But stop and think about that.

Trudeau and his ideological allies are twisting language here to advance their agenda. This is part of a trend of course – remember the Liberals don’t use the term tax when describing their carbon taxes, instead calling them by misleading terms such as “Clean Fuel Standard” or “CFS”.  It isn’t only a Trudeau trend either – Conservative Party leader Erin O’Toole has endorsed carbon taxes in his so-called climate plan but insists on calling them by other names. And so the trend continues in respect to terms like de-carbonization and carbon dioxide pollution.

First, remember from high school science that carbon is an abundant element and every living thing contains it. You can’t de-carbonize the world, nor should you want to: doing so would bring a very quick end to any life on the planet. That is enabling a bad outcome, not ending a bad practice. De-carbonization has become a term of common usage. But using it suggests you support an incoherent agenda. Reducing emissions is one thing and can have merit, but de-carbonization is incoherent.

Second (and still from high school science) remember that carbon dioxide is a molecule that is essential for life: plants thrive on it, we exhale it with every breath we have. CO2 levels swing up and down over centuries and  millennia and geologic cycles in ways we are only beginning to understand. We know human activity is producing a lot of CO2 right now, but the levels are well below what they have been in the past. And as societies become more affluent, they become more efficient in their use of resources and the CO2 levels per unit of human activity drop.

Moreover, we have observed in the last few decades a dramatic increase in global green vegetation cover. That makes sense. CO2 is food for plants – just go to a greenhouse and note how they try to heighten CO2 levels to improve growth rates – so more CO2 means more abundant forests, more productive farms, etc. This isn’t pollution: this is life.

But saying these things – obvious things I remind you, that we learned as adolescents – gets you into trouble these days. The Net Zero crowd wants to deny the obvious as a means to advance their green agenda.  It is easy to fall into the trap of using the language of “de-carbonization” or “carbon dioxide pollution” but both terms lead down a deceptive road that is inconsistent with the science we know, and ultimately leading to a more and more costly society.

Trudeau’s carbon taxes – as expensive as they are – are just a foretaste of what the misleading language around Net Zero really means: less affordable energy, higher food bills, and a higher cost of living.

Net Zero Part 3 will be published on Todayville Tuesday, June 8

Click here for more articles from Dan McTeague of Canadians for Affordable energy

Dan McTeague | President, 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.

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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.

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Business

Scott Bessent Says Trump’s Goal Was Always To Get Trading Partners To Table After Major Pause Announcement

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From the Daily Caller News Foundation

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Secretary of the Treasury Scott Bessent told reporters Wednesday that President Donald Trump’s goal was to have major trading partners agree to negotiate after Trump announced a 90-day pause on reciprocal tariffs for many countries after dozens reached out to the administration.

Trump announced the pause via a Wednesday post on Truth Social that also announced substantial increases in tariffs on Chinese exports to the United States, saying 75 countries had asked to talk. Bessent said during a press event held alongside White House press secretary Karoline Leavitt that Trump had obtained “maximum leverage” to get trading partners to negotiate with the April 2 announcement of reciprocal tariffs.

“This was his strategy all along,” Bessent told reporters during an impromptu press conference at the White House. “And that, you know, you might even say that he goaded China into a bad position. They, they responded. They have shown themselves to the world to be the bad actors. And, and we are willing to cooperate with our allies and with our trading partners who did not retaliate. It wasn’t a hard message: Don’t retaliate, things will turn out well.”

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China imposed retaliatory tariffs on American exports to the communist country Wednesday, imposing an 84% tariff on U.S. goods after Trump responded to a 34% tariff by taking American tariffs to 104%.

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump said. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.”

“They kept escalating and escalating, and now they have 125% tariffs that will be effective immediately,” Bessent said during the press conference.

Bessent said that China’s actions would not harm the United States as much as it would their own economy.

“We will see what China does,” Bessent said. “But what I am certain of, what I’m certain of, is that what China is doing will affect their economy much more than it will ours, because they have an export-driven, flood the world with cheap export model, and the rest of the world now understands.”

The Dow Jones Industrial average closed up 2,962.86 points Wednesday, with the NASDAQ climbing by 1,755.84 points and the S&P 500 rising 446.05 points, according to FoxBusiness.

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Business

Stocks soar after Trump suspends tariffs

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From The Center Square

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One gets the feeling this isn’t over yet…

President Donald Trump continued ahead Wednesday with his on-again, off-again tariffs, with his latest tariff suspension sending U.S. markets soaring.

Trump announced Wednesday afternoon on his Truth Social app that he would pause the majority of the reciprocal tariffs he announced last week on “Liberation Day,” the April 2 start of the implementation of the tariffs only to reverse course and put everything on pause.

Stocks jumped on the news with the Dow Jones gaining nearly 6% Wednesday after sharp losses during the previous week.

Treasury Secretary Scott Bessent said it was all part of the plan.

“We saw the successful negotiating strategy that President Trump implemented a week ago today. It has brought more than 75 countries forward to negotiate,” Bessent said Wednesday. “It took great courage for him to stay the course until this moment.”

Trump’s pause includes all the tariffs that went into effect at midnight, except the additional levies on China. Trump has targeted the world’s second-largest economy in a tariff war that China has said it will “fight to the end.”

While many other nations called Trump’s trade team seeking deals to avoid reciprocal tariffs, China showed no signs of backing down.

“The U.S. threat to escalate tariffs is doubly erroneous, once again exposing its extortionist nature. China firmly rejects such actions,” China’s commerce ministry said Tuesday. “Should the U.S. persist in this reckless course, China will respond resolutely until the end.”

Trump’s decision to suspend tariffs came after tough questions from Republicans, including U.S. Sen. John Kennedy, R-La.

“I just don’t know what his goal is right now,” Kennedy said earlier in the day after comparing Trump to a dog chasing a car and catching it.

“President Trump has been a Rottweiler here, but now he’s the Rottweiler who has caught the car,” Kennedy said. “That’s the moment we are in now. My question is: What is he going to do with the car?”

Trump has made big, bold promises about his tariffs. He has said tariffs will make the U.S. “rich as hell,” bring back manufacturing jobs lost to lower-wage countries in decades past and shift the tax burden away from U.S. families. He’s also promised to help working Americans with his tariffs.

On Tuesday, Trump wrote “I’m proud to be the President for the workers, not the outsourcers; the President who stands up for Main Street, not Wall Street; who protects the middle class, not the political class; and who defends America, not trade cheaters all over the globe.”

Public Citizen, a progressive consumer rights advocacy group, said Trump’s latest suspension of tariffs showed he doesn’t support the workers who elected him.

“Who’s left out of his megalomaniacal game? The workers he claimed to support,” said Melinda St. Louis, global trade watch director at Public Citizen. “All he has shown is that he’ll cave to Wall Street’s handwringing and prioritize his own power over real people’s plight.”

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