GOLDSTEIN: Despite the political rhetoric, the world is going back to fossil fuels

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Sensing that now is not the time, the Trudeau government is delaying until next year a second carbon tax that will increase the cost of gasoline by about 5 to 11 cents per liter by 2030.

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Called Clean Fuel Standard, the new regulations requiring producers to reduce the carbon intensity of gasoline and diesel fuel, originally scheduled for this year, have been pushed back until 2023.

Their impact on the cost of gasoline — and the cost of anything that needs to be transported using gasoline — is separate from Prime Minister Justin Trudeau’s carbon tax.

This will increase the price of gasoline by 38 cents per liter by 2030 in the four provinces where it applies — Ontario, Alberta, Saskatchewan and Manitoba.

The Parliamentary Budget Officer recently reported that when considering the full economic impact of Trudeau’s carbon tax, 60% of families end up financially deteriorating, contrary to Trudeau’s claim. this 80% will be better off thanks to discounts.

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But while our government continues to impose new charges on fossil fuels in an effort to discourage its use, the world, including Canada, is adopting policies aimed at increasing the use of fossil fuels, that is- i.e. oil, natural gas and coal.

This is due to energy shortages caused by Russian President Vladimir Putin’s war on Ukraine and supply chain disruptions as countries strengthen their economies after the economic damage caused by the pandemic.

The reason is that the “green” energy sources they relied on to replace fossil fuels – mainly wind and solar – are not up to the job because they are intermittent.

The decline continues quietly almost everywhere.

At their meeting this week in Spain, the G-7 members – Canada, France, Germany, Italy, Japan, the United Kingdom and the United States – approved the increase in the production of liquid natural gas and oil for address the global energy shortage which is driving up the prices of goods and services and fueling inflation.

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They said the increases will be temporary and in line with the Paris climate agreement’s goal of limiting global temperature rise this century to 1.5ºC above pre-industrial levels.

But in the real world, they were putting an issue at the heart of achieving the emissions cuts called for by the Paris accord, including Trudeau’s 2030 and 2050 targets.

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In a move that infuriates some (but not all) environmental groups, the G-7 has also endorsed the use of nuclear power to reduce emissions.

In February, the European Commission, the executive arm of the 27-member European Union, classified natural gas as a green energy source until at least 2030, if total emissions remain below a prescribed level, while endorsing nuclear energy as a source of green energy. until 2045.

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France has lobbied the EU to recognize nuclear power as “green” because it has plenty of it, while Germany has done the same for natural gas.

Germany, Europe’s largest economy and the self-proclaimed leader of Europe’s greenhouse gas reduction efforts, foolishly shut down its nuclear power plants, which emit no greenhouse gases, and are now turning on power plants at mothballed coal to provide energy, even though coal burns at twice the carbon intensity of natural gas.

The move is necessary over fears that Putin will choke off natural gas and oil supplies to Germany in particular and Europe in general as winter approaches due to their support for the Ukraine in its defensive war against Russia.

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