Sorry to burst your bubble but O&G accounts for less than 8% of Canada's GDP.
https://www.investorsfriend.com/canadian-GDP-canadian-imports-and-exports/
It's a significant player of Alberta's economy but Canada is not Saudi Arabia. We still produce more out of manufacturing than O&G and mining COMBINED.
I think a carbon tax is fine for modifying consumer behaviour so that consumers choose the more economical and environmentally friendly option. If a car with 30 mpg can ferry the kids equally as well as a 8 mpg truck, then why would a family buy the 8 mpg truck? Personally I think gas guzzlers (used daily for commuting) are purely for vanity and insecurity and should be taxed harshly.
you need to stop listening those while riding the short bus
Weaver was saying it was only 2%
Oil and Gas by itself might only be what you say, but when you add in the "manufacturing" that is related to O and G, the financial services, the service sector, ect...
it's probably in at least the teens
Those would be a pretty tough 3-6 months for Alberta. Sure the whole country would suffer, but the other provinces have more diversified sources of jobs and revenue. What would Alberta do while it waited 3-6 months for the rest of Canada to cave in?
Not that I disagree with Alberta's frustration. Horgan is being a total jerk about the pipeline. Quebec politicians are being mega-jerks about pipelines. However, Alberta doesn't have a very strong hand if it wants to hold the country for ransom. When people claim that they don't want your product, you're going to punish them by refusing to let them have it? That would be satisfying, for a while perhaps, but not a winning strategy.
like we haven't already had 4yrs of hard times, not to mention a shorter spell in 08-09
we've been losing growth for 10+ yrs
3-6 months would be a cakewalk
the country wouldn't hurt, sure, the 200 billion we sent to Ottawa last 10 yrs, that's nothing, the CCP we send, nothing, the EI we send, nothing, the taxes from exports, haven't you heard about our trade deficit
what do you think it would go to if we shut off oil exports? lol
you hurt people when you stick your hand in their pocket
the price of oil would dramatically increase if AB took it's 3-4bbday off the market
and if nothing else, then fine, lets see how the rest get by without it, should be fun watching BC grind to a halt first, then Trudeau stammering about this and that
I am continually shocked by the prevalence of the repeated baseless arguments denying climate change, the effect of carbon on that change and the effectiveness of carbon pricing... but then I remember that stormrider is unaware that combustion engines produced co2 ... and that the rest of you are probably of the school that good old common sense trumps the expertise of climatologists and economists. For ffs, even Shell Oil is onboard.
I am just waiting for one of you to start quoting Utah Sen. Mike Lee.
you mean like the fact that China/India/US who account for most of the emissions don't have a carbon price, aren't reducing their emissions
China and India have already stated that they won't reduce until they have standards of living similar to the west
they have half the worlds pop
or don't you believe in Man made climate change?
Canada can be wiped off the map and our total climate contributions wouldn't make a bit of difference
the worlds emissions rose by the Canadian total last yr
no other county has a 50/tonne price
it hasn't changed anyone's behaviour significantly, carbon tax
no one can show it's reducing, significantly, emissions, it's symbolic
you either have to restrict peoples ability to emit or bankrupt them
cause the tech isn't there yet, not on a scale needed for everyone to live like a fat American