Comment: Canada's economic hara-kiri will have little impact on climate change

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Comment: Canada's economic hara-kiri will have little impact on climate change
France Dernières Nouvelles,France Actualités
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In Canada, it seems no volume of emissions is too small to worry about.

Wildfires in Canada and unseasonably high temperatures in Europe are being blamed on climate change, escalating the perceived urgency to “do ­something” about carbon emissions.

But that’s not all. On Canada Day the feds also imposed their “clean fuel standard,” a scheme requiring providers of motor fuels to progressively reduce “carbon intensity.” Environment and Climate Change Canada says this will raise gasoline costs another 17 cents a litre. And the cost of all those necessities will be driven even higher by carbon taxes levied on the fuels used to produce and deliver them.

That’s the direct impact on individual Canadians. What about damage to the businesses that employ them? Members of the Canadian Federation of Independent Business struggling to recover from the pandemic now face bankruptcy due to the year-end deadline to pay back Canada Emergency Business Account loans.

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timescolonist /  🏆 15. in CA

France Dernières Nouvelles, France Actualités

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