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Post-election fuel taxes will be a crude awakening: McTeague

Canadians worried about the rising cost of fuel will be happy to learn that Dan McTeague is standing on guard for thee, once again.

Former Liberal Member of Parliament McTeague is most well-known for his twenty-five year stint providing “tomorrow’s gas price today” predictions through his popular radio spots; eventually, he became the go-to source for information and explanation of oil and gas prices across Canada. He is gearing up to launch a new program in the weeks ahead.

“Canadians don’t mind getting fleeced, apparently, we love the fleecing,” McTeague says wryly. “We think it’s funny, it’s cool, it’s trendy. Can you name another nation that would take its most valuable resource, and crap on it? It’s unheard of. It’s astonishing.”

Photo: Mike Murchison for RWN

McTeaugue’s interview with Road Warrior News occurred just a few days before Canada’s federal election was called on August 14th, but he was already very certain that the Writ would be dropped and hoping that voters will keep energy prices clearly in mind as they head to the polls.

“On top of the Carbon Tax we are already paying, Canadians will begin paying the ‘Clean Fuels’ tax on January 1, 2023. This will add another 15 cents per litre to the price of gas, 18 cents per litre for diesel. That’s over and above 6 cents per litre carbon tax.

“I think it’s critical that we understand what is coming. It doesn’t matter what happens to the price of a barrel of oil by the time government finishes applying taxes, it is going to cost huge no matter whether you drive a tractor or a truck. Unless we are going to stop eating, stop driving, stop heating – we are driving toward an economic crisis caused largely by the price of energy.”

McTeague thinks it is no coincidence that Trudeau announced enough COVID money to carry voters past the September 20 election: “Everyone is going to get one more payment, it ends in October, then the shit will hit the fan.”

Two years ago, McTeague became the President of Canadians for Affordable Energy, a group he has long supported. As he prepares to launch his next affordable energy initiative, he has dedicated time to researching and writing a series of articles explaining the current energy pricing environment so that readers can understand and prepare for what he believes will come next. Road Warrior News will be sharing McTeague’s articles in the days ahead, with the first piece being “Net Zero Part One: Defining the Terms.”

Net Zero Part One: Defining the Terms

President of Canadians for Affordable Energy, former MP Dan McTeague, says, “I am spending my MP pension providing Canadians with energy information – so you know you are getting value for your tax dollars.”

 

By Dan McTeague

“Net Zero by 2050” is all over the news these days.

Countries, international organizations, corporations, cities and other entities are making grand commitments to the idea.

My view is that Net Zero by 2050 is a dangerous idea, and I am alarmed by how it is taking hold. I plan to write several blogposts on Net Zero by 2050 over the next few weeks to explain this view. This introductory piece lays the context for that series.

First, let me provide a quick definition of Net Zero by 2050. In simplistic terms, any entity abides by the goal of Net Zero if that entity emits no more greenhouse gas (GHG) emissions into the atmosphere than it draws out of it. Net Zero by 2050 means that the year 2050 is the target for achieving that emissions “balance”.  

That sounds straight forward, but it isn’t.

Is the starting assumption – that we can achieve this kind of balance – a fair one given the earth’s complexity? 

Is the fact that CO2 levels have been significantly higher in the past (before industrialization) not a consideration? The earth has seen higher and lower levels of CO2 before there was any significant human activity. So why should we assume that a “balance,” as we define it, is necessary?

And how do we assure that balance when there are all kinds of things we can’t control – like emissions from natural events like volcanoes, or windstorms? 

What about the fact that the science on emissions is changing?

How do we factor these things in?

And if we do commit to this kind of balance, what measure of government control does this represent? What will the cost of that control be? Should we not have some sense of that before we commit to it?

These are just some of the many questions that come to mind when discussing the idea of Net Zero by 2050. But it is really hard to get answers to these questions. More often than not what you do get is some version of “the sky is falling”. Politicians, business leaders, environmentalists say things like “we have to act now” or “time is running out” or “our future depends on it”.  But people have been using that kind of rhetoric about the environment for decades, and yet by virtually every environmental measure things are getting better

But no matter. Net Zero by 2050 is the latest version of the environmental scare tactic of forcing consumers to accept things like Trudeau’s carbon taxes, or green energy plans, or any other policy madness that really means expanding government control, enriching special interests, and hurting consumers.

We at Canadians for Affordable Energy find this really alarming: we think Net Zero by 2050 will definitely mean one thing: less affordable energy for Canadians.

Over a series of posts, we want to shed some more light on Net Zero by 2050.