NDP leader, Jagmeet Singh, has called for an end to oil and gas “subsidies” to replace them with direct funding for renewable energy projects.
“What we’d like to do is invest directly into remediation of oil wells. We’d like to invest directly in retrofitting some of these oil wells into geothermal plants,” he said.
Speaking near where Liberal Leader, Justin Trudeau, participated in a large march against climate change in 2019, Singh said the Liberals had promised to end subsidies to oil and gas companies but had instead increased them, though he didn’t offer specific dollar amounts.
Well, this couldn’t be more clear. Jagmeet Singh says killing the Trans-Mountain pipeline would be a condition of the NDP supporting a Liberal minority government.
A Liberal-NDP government would be a disaster for western Canada. pic.twitter.com/yXLWEZVgWH
— Scott Moe (@PremierScottMoe) October 19, 2019
“We want to make sure that instead of these vague promises or these broken promises, we are committed to immediately ending those fossil fuel subsidies,” Singh said.
The NDP has said it is committed to reducing Canada’s greenhouse gas emissions by more than half by 2030 if elected to form the government.
However, Singh didn’t say what criteria would be used to decide how projects would be funded through these programs.
This is typical Singh at his finest; promise a load of policies that require extortionate amounts of spending – even if they make no sense – and hope millennials will turn out to vote NDP after doing no research.
The NDP and the media keep talking about oil and gas subsidies, except this is nothing more that political spin against the energy sector. Canadian oil and gas companies do not receive subsidies from the government. Instead, they receive tax credits to ensure operations can continue in an industry decimated by Liberal energy policies. Subsidies and tax credits are two very different things (ask any economist).
It’s also very uncertain where Singh is going to get this extra money from to fund these energy projects, when Justin Trudeau’s Liberal Party have landed Canada into unprecedented amounts of debt – the after effects of which are causing inflation and hitting working-class families the worst.
This election, it’s probably best to stay away from left-wing parties in general, unless rising debt and non-sensical, expensive policies are your cup of tea.
(Photo credit: Alex Tétreault)