Prosperity Foregone – A Summary

In this presentation, I show that the effects of federal and provincial climate policies so far have fallen disproportionately in two areas – on the present income and future investment prospects for the Canadian hydrocarbons industries and the prices paid by electricity ratepayers due to above-market rates for wind and solar energy generation. In regional terms, the burden of increased costs has fallen disproportionately on Alberta and Saskatchewan. Canada lost $100 billion of investment in energy projects in two years, according to the C.D. Howe Institute. New planned investments in the energy sector fell from $146 billion in 2015 to $35 billion in 2018; this represents 4.5% of Canada’s GDP.