Ottawa’s contradictory climate policy just wastes money
“Around the world, businesses, governments and experts agree that carbon pricing is the cheapest and most efficient way to cut carbon pollution,” Catherine McKenna, Canada’s environment and climate change minister, recently tweeted. If what she says is true, it means all other anti-carbon strategies – including regulations and subsidies – are unnecessarily expensive and inefficient.
Yet just a few months earlier, when McKenna announced $100 million in green subsidies to Ontario households and businesses, she said that the spending “pays for itself by saving money, reducing carbon pollution and making our homes and businesses more comfortable and affordable.”
Has her position changed or does she still believe Ottawa’s subsidy programs and corporate welfare remain an efficient use of tax dollars that will somehow pay for itself?
McKenna’s $100 million supported the previous Ontario government’s climate spending program. However, the evidence shows us that the billions the Ontario Liberals had slated for climate spending was a massive waste.