Canada is crippling its economy and damaging its own competitiveness by imposing carbon taxes on Canadian manufacturing while importing products with massive carbon footprints from China without imposing similar taxes, says Gwyn Morgan, one of Canada’s foremost business executives. “If you’re taxing something that’s already as clean as it could get, all you’re doing is increasing the price and the cost to consumers, industry, businesses, and manufacturing, and making the country less competitive,” said Morgan, founder of Canada’s largest energy company EnCana Corp., now Ovintiv Inc. Morgan notes that Canada already produces 75 percent of its power from renewable sources—with hydro accounting for 60 percent followed by nuclear for the rest—and it’s therefore unreasonable to further tax the other portion produced by natural gas-fired power. Carbon Taxes on Chinese Imports Morgan says China has tricked Canada and other Western countries into believing that it’s reducing its greenhouse gas (GHG) emissions, and by …
Gwyn Morgan: Canada Harming Own Economy With Carbon Tax While Importing High Carbon Footprint Chinese Products
May 17, 2021
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