‘Global Citizen’ Trudeau’s anti-Canadian energy policy is costing our nation billions of dollars.
The Canadian Taxpayers Federation has found that the Trudeau government is exempting foreign oil from the emissions regulations they impose on oil made right here in Canada.
This means the government is purposely giving an advantage to oil from countries like Saudi Arabia, Nigeria, and Venezuela, while punishing our own homegrown Canadian oil industry.
Here’s what the CTF found:
“In August 2017, the federal government decided to change the rules halfway through the Energy East pipeline review by requiring the project to go through an “upstream and downstream emissions review.” TransCanada cancelled the project soon after the federal announcement.
The CTF then filed Access to Information requests with the federal government, and has discovered that foreign oil imported into Canada will not be subjected to a similar review.”
CTF Alberta Director Colin Craig said, “Ottawa is holding Canadian oil to a higher standard than foreign oil that is imported to Canada. The situation is insane. By putting up roadblocks in front of Canadian oil companies, governments are literally losing out on billions in lost tax revenues.”
The CTF noted that the Energy East pipeline would have contributed $7.3 billion tax revenue.
Now, all of that is lost, while foreign oil pours into our country.
“The rest of the world is laughing at us,” Craig said. “Canada has the third largest oil reserves in the world and yet we’re spending billions each year on importing oil. Then, when someone tries to build a pipeline to eastern Canada to reduce reliance on foreign oil, the federal government puts up a roadblock. It’s crazy.”
This is an anti-Canadian policy.
The Trudeau government is betraying our nation, our workers, our consumers, and our homegrown energy industry, all while foreign oil gets an advantage.
This policy makes other countries richer, and Canadians poorer, and it’s yet more proof that the Trudeau government is pushing an agenda that is designed to hurt our nation.
As I’ve said before, under Trudeau’s energy policies, foreign countries win and Canada loses.