September 03, 2016

Fraser Institute: NDP’s carbon cap is all pain, no gain

Holly NicholasRebel Commentator

The Fraser Institute released a report on the NDP’s carbon cap studying the extent to which it might decrease production in the oilsands and result in significant loss of revenues while at the same time having very little impact on greenhouse gas emissions.

According to the study, production could be reduced anywhere from 2.03 billion to 3.34 billion barrels between 2025 and 2040 with the 100 megatonne cap on GHG’s that the NDP have put in place.

With decreased production comes a loss in revenues estimated at between $153.41 billion and $254.74 billion.

According to production projections from the National Energy Board, leaving aside green rhetoric claiming there will be less demand for oil and more demand for renewables, oil production from the oil sands is going to increase significantly and could double by 2040.

I had a chance to talk to Ken Green from the Fraser Institute about the report.

It looks like that social license to build pipelines can’t be bought, but it will cost Albertans and Canadians to buy into the NDP’s theory.

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commented 2016-09-04 20:30:46 -0400
But the next government will just scrap all this crap, RIGHT?????
commented 2016-09-03 21:07:17 -0400
Thank you rachel for saving the world
You are such a trooper.
And Brian Topp, up your a$$ buddy.
What a total loser on the tax payer dime
My poor grandkids
commented 2016-09-03 20:29:45 -0400
This Carbon Dioxide theory causing climate change is a hoax.
People who buy the story are foolish.
Worse; socialists are making government policy based on the theory.
And even worse, the conservative movement “thinks” they can’t get elected if they don’t at least show some kind of support towards the theory.
Look, no one that I know knowingly pollutes the environment. They do their best with the tools and knowledge bestowed upon them. But CO2 causing the earth to heat up; really?
commented 2016-09-03 19:23:23 -0400
AS an engineer I challenge the presumption that there is any empirical way to measure carbon emissions outside of taking periodic physical samples of output – anything else is speculative modeling voodoo – certainly nothing measurable enough to tax or sell on with anything but an astronomical amount of guess work and/or fraud.
commented 2016-09-03 18:11:27 -0400
The ndp does not care, they and the so called advisors want it all shut down period. They are a rudderless ship of fools with no real plan except spend spend spend with nothing to show for it. No change in health care, no change in education, higher taxes, higher costs for everything with there carbon tax (sales tax) the BS they spew about how it will reduce costs is totally unbelievable bullshit. They are as entitled or even more so than the PC party, I think they are worse.
commented 2016-09-03 16:55:14 -0400
Yeah, but this quarter-trillion-dollar loss will result in the Earth being one-one-millionth of a degree cooler after 100 years, so it’s well worth it! The ensuing loss of human life from energy poverty and reduced emergency services from lower funding will also contribute to reducing carbon emissions.
commented 2016-09-03 16:23:35 -0400
CO2 doesn’t have anything to do with global temperature.
That was debunked years ago.
But its good your stopping development of the tar sands.
We need that deposit. When the next ice age comes, in 1000 years, we will need to light the tar sands afire to create a black cloud over Canada. That way we may not have to be buried under a 3 mile ice sheet right away. Or so say NASA scientists on climate change.
Or Canadians can move to Florida. It will be huuuuge then, as the water recedes for the ice cap formation. Your pick kids of 3016.
Only democrats believe in this CO2 crap.
commented 2016-09-03 15:57:17 -0400
Pandering to a false narrative such as the need to reduce CO2 emissions is tantamount to endorsing it – STOP IT!! CO2 is NOT a problem that needs solving = The Climate Change HOAX IS!! Spend your time debunking the HOAX!!