Energy
Saskatchewan granted injunction against Trudeau gov’t over carbon tax demands
From LifeSiteNews
‘The court ruled in our favor, blocking the federal government from unconstitutionally garnishing money, pending the full hearing and determination of the continuation of the injunction by the Federal Court,’ announced Saskatchewan Justice Minister Bronwyn Eyre.
The province of Saskatchewan has been granted an injunction after it appealed to the courts to block Prime Minister Justin Trudeau’s federal government from seizing its bank account for refusing to pay $42.4 million in carbon taxes. The newly-granted injunction will remain in force until an earlier injunction is resolved by the courts.
“On Friday, Saskatchewan was forced to file an emergency injunction application due to the continued threat of garnishment of our bank account by the Canada Revenue Agency,” Saskatchewan Attorney General and Justice Minister Bronwyn Eyre wrote on Monday in a post shared by Premier Scott Moe. “The application was successful.”
— Scott Moe (@PremierScottMoe) July 9, 2024
“The court ruled in our favor, blocking the federal government from unconstitutionally garnishing money, pending the full hearing and determination of the continuation of the injunction by the Federal Court,” Eyre added.
Prior to the injunction being granted, Eyre had alerted the public that a demand from the nation’s tax agency, the Canada Revenue Agency, mandated that the province pay $42.4 million in carbon taxes within 14 days, a move she characterized as a political “threat” on behalf of the Trudeau government.
A letter dated May 29 by Eyre’s lawyers show that an official of the “Canada Revenue Agency on behalf of the Minister of Revenue alleged the Province owed a fuel charge debt under the Greenhouse Gas Pollution Pricing Act totaling $42.4 million and that if the full amount was not paid within 14 days the Canada Revenue Agency may take legal action.”
The situation heated up last week, as LifeSiteNews reported, when Eyre filed the injunction following the CRA’s issuing of a Requirement To Pay notice on June 25 to Saskatchewan. According to the CRA, the province owes some 55,592,632 in carbon taxes along with $237,140 interest.
As reported before by LifeSiteNews, in October of last year, amid dismal polling numbers that showed his government would be defeated in a landslide by the Conservative Party come the next election, Trudeau announced he was pausing the collection of the carbon tax on home heating oil for three years.
While it was a welcomed move by many, home heating oil is almost exclusively used in Atlantic Canada, meaning the tax break only applied to certain citizens, namely the 24 seats in Atlantic Canada currently held by the Liberals.
Going a step further, Trudeau refused to offer a similar carbon tax relief to those who heat their homes with natural gas, the main product used in provinces such as Alberta and Saskatchewan. This led to Moe announcing his government would take matters into its own hands by pausing the collection of the federal carbon tax on natural gas for home heating, a policy which took effect on January 1, 2024.
Moe has continued to state that his policy is one of fairness, arguing that now citizens of Saskatchewan, like in Atlantic Canada, do not have to pay carbon tax on home heating bills.
It’s about fairness, says Saskatchewan attorney general
Saskatchewan was able to stop collecting the carbon tax as the province’s energy supplier, SaskEnergy, is the Crown-owned distributor of natural gas used for home heating.
Eyre added that when it comes to the issue of not collecting the carbon tax, it’s “about fairness and the fair application of the law.”
“The Trudeau-NDP carbon tax should be taken off everything for everyone,” she said. “But until that happens, your Saskatchewan government will protect our province and ensure tax fairness for Saskatchewan families.”
The Trudeau government has not only denied tax exemptions to forms of energy other than home heating oil, but it also has remained adamant that it will continue increasing the carbon tax rate.
On April 1, the Trudeau government increased the carbon tax from $65 to $85 per tonne despite seven of 10 provincial premiers objecting to the increase, and 70 percent of Canadians saying they are against it.
To reach Trudeau’s goal of net zero by 2050, the carbon tax would have to balloon to $350 per tonne.
He has pitched his carbon tax as the best way to reduce so-called carbon emissions. However, the tax has added extra financial burdens on households despite hundreds of dollars of rebates per family.
To reach Trudeau’s goal of net zero by 2050, the carbon tax would have to balloon to $350 per tonne.
The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda in which Trudeau and some of his cabinet are involved.
Business
Two major banks leave UN Net Zero Banking Alliance in two weeks
From The Center Square
Under Texas law, financial institutions that boycott the oil and natural gas industry are prohibited from entering into contracts with state governmental entities. State law also requires state entities to divest from financial companies that boycott the oil and natural gas industry by implementing ESG policies.
Not soon after the general election, and within two weeks of each other, two major financial institutions have left a United Nations Net Zero Banking Alliance (NZBA).
This is after they joined three years ago, pledging to require environmental social governance standards (ESG) across their platforms, products and systems.
According to the “bank-led and UN-convened” NZBA, global banks joined the alliance, pledging to align their lending, investment, and capital markets activities with a net-zero greenhouse gas emissions by 2050, NZBA explains.
Since April 2021, 145 banks in 44 countries with more than $73 trillion in assets have joined NZBA, tripling membership in three years.
“In April 2021 when NZBA launched, no bank had set a science-based sectoral 2030 target for its financed emissions using 1.5°C scenarios,” it says. “Today, over half of NZBA banks have set such targets.”
There are two less on the list.
Goldman Sachs was the first to withdraw from the alliance this month, ESG Today reported. Wells Fargo was the second, announcing its departure Friday.
The banks withdrew two years after 19 state attorneys general launched an investigation into them and four other institutions, Bank of America, Citigroup, JP Morgan Chase and Morgan Stanley, for alleged deceptive trade practices connected to ESG.
Four states led the investigation: Arizona, Kentucky, Missouri and Texas. Others involved include Arkansas, Indiana, Kansas, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee and Virginia. Five state investigations aren’t public for confidentiality reasons.
The investigation was the third launched by Texas AG Ken Paxton into deceptive trade practices connected to ESG, which he argues were designed to negatively impact the Texas oil and natural gas industry. The industry is the lifeblood of the Texas economy and major economic engine for the country and world, The Center Square has reported.
The Texas oil and natural gas industry accounts for nearly one-third of Texas’s GDP and funds more than 10% of the state’s budget.
It generates over 43% of the electricity in the U.S. and 51% in Texas, according to 2023 data from the Energy Information Administration.
It continues to break production records, emissions reduction records and job creation records, leading the nation in all three categories, The Center Square reported. Last year, the industry paid the largest amount in tax revenue in state history of more than $26.3 billion. This translated to $72 million a day to fund public schools, universities, roads, first responders and other services.
“The radical climate change movement has been waging an all-out war against American energy for years, and the last thing Americans need right now are corporate activists helping the left bankrupt our fossil fuel industry,” Paxton said in 2022 when launching Texas’ investigation. “If the largest banks in the world think they can get away with lying to consumers or taking any other illegal action designed to target a vital American industry like energy, they’re dead wrong. This investigation is just getting started, and we won’t stop until we get to the truth.”‘
Paxton praised Wells Fargo’s move to withdraw from “an anti-energy activist organization that requires its members to prioritize a radical climate agenda over consumer and investor interests.”
Under Texas law, financial institutions that boycott the oil and natural gas industry are prohibited from entering into contracts with state governmental entities. State law also requires state entities to divest from financial companies that boycott the oil and natural gas industry by implementing ESG policies. To date, 17 companies and 353 publicly traded investment funds are on Texas’ ESG divestment list.
After financial institutions withdraw from the NZBA, they are permitted to do business with Texas, Paxton said. He also urged other financial institutions to follow suit and “end ESG policies that are hostile to our critical oil and gas industries.”
Texas Comptroller Glenn Hegar has expressed skepticism about companies claiming to withdraw from ESG commitments noting there is often doublespeak in their announcements, The Center Square reported.
Notably, when leaving the alliance, a Goldman Sachs spokesperson said the company was still committed to the NZBA goals and has “the capabilities to achieve our goals and to support the sustainability objectives of our clients,” ESG Today reported. The company also said it was “very focused on the increasingly elevated sustainability standards and reporting requirements imposed by regulators around the world.”
“Goldman Sachs also confirmed that its goal to align its financing activities with net zero by 2050, and its interim sector-specific targets remained in place,” ESG Today reported.
Five Goldman Sachs funds are listed in Texas’ ESG divestment list.
The Comptroller’s office remains committed to “enforcing the laws of our state as passed by the Texas Legislature,” Hegar said. “Texas tax dollars should not be invested in a manner that undermines our state’s economy or threatens key Texas industries and jobs.”
Daily Caller
LNG Farce Sums Up Four Years Of Ridiculous Biden Energy Policy
From the Daily Caller News Foundation
By David Blackmon
That is what happens when “science” isn’t science at all and energy reality is ignored in favor of the prevailing narratives of the political left.
As Congress struggled with yet another chaotic episode of negotiations over another catastrophic continuing resolution, all I could think was how wonderful it would be for everyone if they just shut the government down and brought an end to the Biden administration and its incredibly braindead and destructive energy-policy farce a month early.
What a blessing it would be for the country if President Joe Biden’s Environmental Protection Agency (EPA) were forced to stop “throwing gold bars off the Titanic” 30 days ahead of schedule. What a merry Christmas we could have if we never had to hear silly talking points based on pseudoscience from the likes of Biden’s climate policy adviser John Podesta or Energy Secretary Jennifer Granholm or Biden himself (read, as always, from his ever-present TelePrompTer) again!
What a shame it has been that the rest of us have been forced to take such unserious people seriously for the last four years solely because they had assumed power over the rest of us. As Jerry Garcia and the Grateful Dead spent decades singing: “What a long, strange trip it’s been.”
Speaking of Granholm, she put the perfect coda to this administration’s seemingly endless series of policy scams this week by playing cynical political games with what was advertised as a serious study. It was ostensibly a study so vitally important that it mandated the suspension of permitting for one of the country’s great growth industries while we breathlessly awaited its publication for most of a year.
That, of course, was the Department of Energy’s (DOE) study related to the economic and environmental impacts of continued growth of the U.S. liquified natural gas (LNG) export industry. We were told in January by both Granholm and Biden that the need to conduct this study was so urgent, that it was entirely necessary to suspend permitting for new LNG export infrastructure until it was completed.
The grand plan was transparent: implement the “pause” based on a highly suspect LNG emissions draft study by researchers at Cornell University, and then publish an impactful DOE study that could be used by a President Kamala Harris to implement a permanent ban on new export facilities. It no doubt seemed foolproof at the Biden White House, but schemes like this never turn out to be anywhere near that.
First, the scientific basis for implementing the pause to begin with fell apart when the authors of the draft Cornell study were forced to radically lower their emissions estimates in the final product published in September.
And then, the DOE study findings turned out to be a mixed bag proving no real danger in allowing the industry to resume its growth path.
Faced with a completed study whose findings essentially amount to a big bag of nothing, Granholm decided she could not simply publish it and let it stand on its own merits. Instead, someone at DOE decided it would be a great idea to leak a three-page letter to the New York Times 24 hours before publication of the study in an obvious attempt to punch up the findings.
The problem with Granholm’s letter was, as the Wall Street Journal’s editorial board put it Thursday, “the study’s facts are at war with her conclusions.” After ticking off a list of ways in which Granholm’s letter exaggerates and misleads about the study’s actual findings, the Journal’s editorial added, “Our sources say the Biden National Security Council and career officials at Energy’s National Laboratories disagree with Ms. Granholm’s conclusions.”
There can be little doubt that this reality would have held little sway in a Kamala Harris presidency. Granholm’s and Podesta’s talking points would have almost certainly resulted in making the permitting “pause” a permanent feature of U.S. energy policy. That is what happens when “science” isn’t science at all and energy reality is ignored in favor of the prevailing narratives of the political left.
What a blessing it would have been to put an end to this form of policy madness a month ahead of time. January 20 surely cannot come soon enough.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
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