Rick Eglinton via Getty Images
Bloomberg via Getty Images
I'm outraged. Like you, my cost of living is going up. Home insurance premiums are up due to extreme weather. Food prices are up due to extreme drought. Taxes are up to pay for infrastructure that's been destroyed by ice storms and flooding. This climate thing is starting to cost -- a lot. Nature's response to our pollution is like a tax on everything. Since carbon pollution keeps getting worse, nature is digging even deeper into my pocket. So, what is government going to do to put an end to this cash grab?
Once the carbon bubble, like the tech or housing bubble, pops it would bring dramatic re-evaluation of oil companies, resulting in massive layoffs and major industry restructuring. In Canada, the oilsands represents two per cent of the country's GDP and 90 per cent of the economic benefit goes to Alberta.
Clearly there's a difference between trying to read the tea leaves on where the government could be going with climate action in the province, and government actually laying those directions out for British Columbians. And for all of the potential directions policy could go, their impact on carbon pollution will depend on how they are designed.
Could rail realistically provide an alternative to the Keystone XL, aiding in the expansion of Canada's highly-polluting tar sands? The Keystone XL will undoubtedly support tar sands production, promote continued tar sands investment, and contribute to Canada's already-significant greenhouse gas output.