Tariffs delivered a big blow to Canada’s economy this year, but they would be less of a problem if Canada weren’t squandering billions of dollars on Net Zero, which will not stop climate change.
Prime Minister Mark Carney’s Budget 2025 passed first reading on Nov. 18 by a vote of 170-168, which spared Canadians a snap election. The second reading is in progress, and as of Nov. 28, the third reading had not yet been scheduled.
Unsurprisingly, Mark Carney, former U.N. special envoy for climate action and finance, former chair of Brookfield Asset Management (deeply involved with green energy), and former co-chair and founder of the Glasgow Financial Alliance for Net Zero, lays out his “climate action” plan in the section titled “Canada’s Climate Competitiveness Strategy.” Those plans will undermine Canada’s competitiveness by increasing the debt (projected to reach $1.4 trillion by the end of 2024/2025), the cost of servicing that debt ($46.5 billion for 2024-25), the cost of production for industry, etc., all without averting climate change. (RELATED: Mark Carney Is Incredibly Dangerous)
In this way, Mr. Carney hijacks religious faith to intimidate and silence anyone who speaks against his limited and flawed view of the complicated set of natural causes behind climate change.
The section on climate begins with some rather ominous language: “Climate action is not just a moral obligation — it’s an economic necessity.” Moral obligation? Let those words stay with you for a moment to consider their implications. Mr. Carney is saying that anyone who doesn’t support his climate plan is immoral, irresponsible, and sinning against God. In this way, Mr. Carney hijacks religious faith to intimidate and silence anyone who speaks against his limited and flawed view of the complicated set of natural causes behind climate change. (RELATED: Elections Have Consequences for Canada)
According to Dr. W. A. van Wijngaarden (York University, Dept of Physics and Astronomy, Canada), there are several natural causes and time frames associated with each one: a few thousand years: small variations in solar intensity; tens of thousands of years: Milankovitch cycles (variations of Earth’s orbit, angle of axis, etc.); tens of millions of years: tectonic plate movement, volcanoes, large meteorites; billions of years: evolution of the Sun. (RELATED: Bill Gates and the Redemption Racket)
It doesn’t make sense to ignore such a powerful set of natural causes and to fixate on CO2 as if it were the “control knob” for climate.
We’ve known since the 19th century that CO2 is a mild greenhouse gas. However, in the past 600 million years, there have been periods of high temperature and low CO2 concentration and vice versa. In other words, there is no direct link between temperature and CO2, and the physics that applied millions of years ago still apply today. In the past four hundred thousand years, Earth has had five interglacial periods (each one about 10,000 to 15,000 years long) and four glacial periods (each one about 100,000 years long), all due to natural causes. More recently, we had the Minoan, Roman, and Medieval warm periods, long before the second industrial revolution, when CO2 levels began to climb. The Medieval Warm Period was followed by the Little Ice Age, during which CO2 levels were higher than in previous warm periods!
But it gets even more interesting.
Vostok (Antarctica) ice cores reveal that temperature increases preceded increases in CO2 by 800 ±200 years around 240,000 years ago. Data from 1980-2010 indicates the same relationship. If temperature increases precede CO2 increases, then it is impossible for CO2 to be the primary driver of temperature increase. This is the exact opposite of the assumption driving Mr. Carney’s climate activism. He wants Canada to achieve Net Zero by 2050, but if Net Zero were achieved globally, that would avert a mere 0.070 ℃.
Earth’s atmosphere is warming at 0.16℃/decade. Canada produces 1.4 percent of global greenhouse gas emissions. If we assume that all of the warming is due to CO2, Canada contributes 0.0002 ℃/year to global warming (0.016 x 0.014≃0.0002).
According to Dr. William Happer, a physics professor at Princeton University, a good case can be made that only about 1/2 — perhaps as low as 1/4 — of the warming is from increasing CO2. The remainder is from a continued natural recovery from the Little Ice Age, which ended around the year 1800. In other words, Canada contributes at most one ten thousands of one degree Celsius per year to global warming.
And for that, Mr. Carney wants to impose new industrial carbon taxes, expand carbon markets, deploy at scale carbon capture technologies such as the Pathways Alliance project, etc. The Pathways project reportedly will cost $17 billion to build and $1 billion per year to operate. Over 10 years of operation, it will cost Canadians $27 billion to avert less than 0.001 ℃ of global warming. (RELATED: Carbon Capture: The Scam Agreed Upon)
On Nov. 27, Prime Minister Carney and Alberta Premier Smith signed a memorandum of understanding that requires methane to be reduced by 75 percent relative to 2014 emission levels. What will happen to the agricultural sector, given that 1/3 of Canada’s methane comes from it? (RELATED: Is Climate Change Destroying the Environment?)
Methane is often referred to as a “potent greenhouse gas,” but all of the methane (CH4) in the atmosphere causes 0.00085 ℃/year of warming. Since Canada emits about 1 percent of global methane, that means that Canada’s methane contributes 0.000009 ℃/year to global warming, a trivial amount (0.00085 x 0.01 ≃ 0.000009). Why would Mr. Carney be concerned with that?
Curiously, nitrous oxide (N2O) isn’t mentioned in either document, even though the warming power of a molecule of N2O is almost eight times more than the warming power of a molecule of CH4. However, all of the N2O in the atmosphere causes 0.00064 ℃/year of global warming. Since Canada produces about 1.4 percent of global N2O, that means that Canadian N2O contributes about 0.000009 ℃/year to global warming (0.00064 x 0.014≃0.000009). Not that he ought to be, but to be consistent, shouldn’t Mr. Carney be concerned about N2O as well?
According to a City of Toronto report, the total cost for all levels of government and business to achieve Net Zero in Toronto will be $145 billion. Given that Toronto represents about 8 percent of Canada’s population, a rough estimate for the total cost of Net Zero for all of Canada would be about $1.8 trillion. All of that money will be spent to avert 0.0001 ℃/year of global warming. What a waste.
And let’s not forget that Canada’s winters are brutally cold. Canadians need cheap and reliable heat energy as a matter of survival. Driving up the cost of heating our homes is anti-Canadian as far as I’m concerned.
Mr. Carney’s budget is seriously flawed and will harm Canada’s economy because of his ill-advised, unscientific, and pseudo-faith-based war on CO2. Canadians should learn the facts about CO2 from a reliable source such as the CO2 Coalition, and then demand that his Canada’s Climate Competitiveness Strategy be scrapped entirely.
Fabiano has written articles on the futility of Net Zero based on leading-edge science. He lives in Toronto, Canada.
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