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A Socialist Project e-bulletin ... No. 1590 ... April 17, 2018
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At the 2015 Paris COP 21 climate conference Justin Trudeau pledged his newly-elected government would help "to limit global average temperature rise to well below 2 degrees Celsius as well as pursue efforts to limit the increase to 1.5 degrees."
The strategy adopted was two-pronged and contradictory on its face: implementing gradual carbon price increases through carbon taxes or cap-and-trade mechanisms while building more pipeline capacity to boost exports of fossil-fuel resources, especially the products of Alberta’s tar sands.
As environmentalists noted, the approach was inherently futile. Carbon taxes -- contingent on provincial government consent -- assumed higher costs would induce businesses to introduce less climate-destroying technology and practices. And provincial consent was... dependent on the federal commitment to pipeline development, which inevitably would promote further fossil fuel exploration and production.
From the outset, Ottawa has faced opposition to carbon taxes from some provinces, which fear such market-based mechanisms will discourage private business investment. And mass popular opposition accompanied by the global downturn in resource prices has already led to TransCanada’s cancellation of its $15.7-billion Energy East project and Ottawa’s nixing of Enbridge’s Northern Gateway pipeline. Although U.S. President Donald Trump has now reversed Obama’s stop to Keystone XL, its future is still in doubt in the face of opposition from U.S. environmental activists.