A major problem with evaluating the effectiveness of Prime Minister Justin Trudeau’s $200-billion climate change plan involving more than 100 government programs is that the government keeps retroactively changing the historical record of Canada’s annual industrial greenhouse gas emissions.
There was a time when it seemed Tesla could do no wrong.
In little more than a decade, it went from technology upstart to mass-market carmaker, invested billions in its clean energy business, and saw its value rocket.
But now the company is struggling with falling car sales and intense competition from Chinese brands, as well as problems with its much-hyped Cybertruck.
Lower sales have hit its revenues, and hurt its profits. Its share price has fallen by more than a quarter since the start of the year.
Mandated EV adoption has proven both boon and bane for Tesla.
Communist style Five Year Plans like that favoured by Wacko Trudeau distorted the market attracting rent seekers rather than competitors responding to consumer demand.
At his press conference on May 1 following the April–May meeting of the Federal Open Market Committee, Federal Reserve Chairman Jerome Powell called it “unlikely” that the central bank would raise the short-term interest rates under its control at its next meeting in mid-June. The Federal Funds Rate is currently between 5.25 percent and 5 percent.
At the same time, Mr. Powell told reporters, “clearly, restrictive monetary policy needs more time to do its job” and Fed policymakers “didn’t see progress in the first quarter” against inflation. The Fed’s target is a 2 percent inflation rate—a goal that is a long way off.
The Biden administration’s stringent environmental regulations and prioritization of electric vehicles are both deeply unpopular among swing-state voters, according to new polling shared exclusively with National Review.
For years, ardent Remoaners have been putting all of the problems facing Britain’s car industry down to Brexit.
Car manufacturers faced ‘death by a thousand cuts’, wailed the Guardian a few months after the Leave vote. ‘Brexit will leave the UK’s car industry running out of road’, proclaimed the New European in 2018. The UK car industry had ‘dodged disaster’ in December 2020 thanks to the signing of a trade deal with Brussels, insisted Bloomberg, but still the new arrangements were said to be ‘too little, too late’.
Canada’s greenhouse gas emissions rose in 2022, as the economy rebounded from the pandemic slowdown, according to figures obtained by Radio-Canada ahead of today’s government announcement.
The new National Inventory Report data shows emissions reached 708 megatonnes in that year, compared with 698 megatonnes in 2021.
One of the biggest government initiatives to encourage manufacturers to decarbonize is failing to attract the largest emitters, says Ottawa’s environmental watchdog.
The government’s $8 billion program, intended to help the largest-emitting manufacturing industries reduce their emissions, has failed to entice them, says a report released Tuesday morning by Jerry DeMarco, the federal commissioner of environment and sustainable development.
Of Canada’s top 55 emitters, only two have signed contribution agreements so far with the federal government under its Net Zero Accelerator initiative, the report says. About a dozen other large emitters applied for the initiative but the federal government has not yet signed agreements with them.
Prime Minister Justin Trudeau was told Monday by a top union leader that grave concerns remain about the hiring of foreign workers at a flagship EV battery plant in Windsor, Ont., when skilled Canadians are available to do the jobs.
In a keynote discussion with the Prime Minister at the annual conference of Canada’s Building Trades Unions in Gatineau, union leader Sean Strickland told Mr. Trudeau that the concerns that emerged last year about the hiring of hundreds of Korean and Japanese workers at the EV factory have yet to be resolved.
There is a long-running debate about whether Tesla is a car or a technology company. For a while this was largely an academic question related to future potential and therefore valuation. But now Elon Musk’s baby has reached a crunch point and the search for an answer has become existential.
There are no prizes for guessing which side Musk comes down on. “If you value Tesla just as an auto company, you fundamentally have the wrong framework,” he said last week. “If someone doesn’t believe Tesla is going to solve autonomy, they should not be an investor in the company.”
The Canada Revenue Agency is going to audit Saskatchewan for not paying carbon levies on home heating, Premier Scott Moe said Monday.
Moe said the agency has indicated it will look at Saskatchewan’s books to see how much the province owes in levies that weren’t paid to Ottawa.
“They will ask if they can look at the submissions we’ve made and for us to submit money they estimate may be owed,” he told reporters.
If you think life is unaffordable under Justin Trudeau, just wait until @MarkJCarney has a kick at the can and your life savings …
Mark Carney's Economic "Lookahead" Lecture Becomes Unhinged on NetZero says Friends of Science Society https://t.co/HEkLYqQSbR
— Dan McTeague (@GasPriceWizard) April 29, 2024
Parties to the massive Honda EV investment deal reached this week have tacitly acknowledged that foreign workers will be involved in setting up the proposed auto plants, while attempting to downplay an issue already seized upon by the federal Conservatives.
In response to questions throughout the week, federal officials, their provincial counterparts and executives for the automaker have talked about “optimizing” or “maximizing” the number of Canadian jobs — leaving the door open for foreign workers to work on facilities resulting from the historic $15-billion deal.
Premier Moe responds to Trudeau’s ‘good luck with that’ comment
Prime Minister Justin Trudeau warned Saskatchewan Premier Scott Moe on Wednesday that the Canada Revenue Agency is “very, very good” at getting the money it’s owed.
On Saturday, Premier Moe responded to the prime minister’s comments on the Roy Green Show, saying to Trudeau, “The CRA, I don’t think they are able to come after the province of Saskatchewan.”
In my view it was a genuine threat given Trudeau’s record of compromising Canadian institutions and laws to attack his perceived enemies, (which at this point is pretty much all of us), or shield his corrupt practices.
Environment and Climate Change Minister Steven Guilbeault has decided Canada needs a plastics registry.
But what he isn’t telling you is that while it may be possible to track the production of plastics, it is well-nigh impossible to detect where these materials are sent for disposal.
I have written here and elsewhere countless times before of the dangers of responding prematurely to alarmist concerns about climate change. Dr. Benny Peiser of the British Global Warming Policy Foundation spoke to the Friends of Science Society in Calgary earlier this month, warning that Europe’s extremist net zero carbon emission policies may get to Canada even though they are now running into extreme problems in Europe. The North American media has not much reported on the widespread and often violent farmer protests in Europe, which has caused every government that has been put to the test to scale back their aggressive climate change policies.
