The theme seems to be “reduce operating spending, increase capital spending”. We’ll see how that will blow over with the opposition.
The theme seems to be “reduce operating spending, increase capital spending”. We’ll see how that will blow over with the opposition.
I understand better your points now, thanks for sharing your thoughts and optimism, I needed some optimism.
When I first read the report on budge.canada the “greener path” shows that pretty much everything ended in 2024. Moving forward they mention carbon capture without details what kind of investment they are putting money in (best I could find is funding this https://www.alberta.ca/carbon-capture-and-storage that is also a bit vague), investing in mining (justifying that mining specific minerals helps the environment, but no mention on how to make mining less damaging to the environment and hold companies accountable) and removing the carbon cap saying that investments in several sectors would reduce the emissions anyway. A lot of wishful thinking on the budget text, or on the worst case mental gymnastics malice.
Like, there is this promising
I would love to see the government working with farmers to keep production high and with low footprint. Despite the text being vague on how/who will get the money, farmers are already very thin on their footprint, usually limited to the access of resources to maintain their farms (heat, fertilizers, etc…). A farmer that only has access to gas for heat would not be able to reduce their footprint unless other options are made available.
I also felt like there is no handling “american shitstorm” either, there are plenty of brags on how they capitulate and are one of the least impacted by tariffs because of that.
Also, good thing you bought up the taxes. One thing I found interesting while reading the PDF version earlier, they pretty much teach us on many ways to avoid paying them, I wish that was easily available at the CRA website. =P
A lot of this is through keeping and raising a carbon tax. That makes companies find the most efficient ways to reduce their footprints, rather than the government mandating it for each group. This is the approach favoured by most serious economists and think groups about reducing emissions quickly.
You can look at the “nation building” projects, which include a massive wind farm (green as hell) and a nuclear plant (fairly clean, significantly better than say, oil or gas.)
And it is the approach Carney favored in his book (which was written several years before he decided to run for office)