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Trudeau says he will guarantee that Canada will meet its emissions targets, this time

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OTTAWA — Prime Minister Justin Trudeau said Tuesday he will guarantee that Canada is going to meet its latest climate target, because this time it’s accompanied by a plan that shows how to get there.

Since 1988, Canada has set its sights on eight different greenhouse gas emissions targets. Six of them have come and gone, and Canada never came anywhere close to meeting them.

The next target is set for 2030, and requires Canada to get emissions to 55 to 60 per cent of what they were in 2005. That’s a more-ambitious version of a previous target the Trudeau government set when it came into power.

Based on emissions levels in 2020, meeting the new target would mean cutting about 23 million tonnes of emissions a year, on average. That’s the equivalent of taking five million passenger cars off the road every 12 months until the end of the decade.

In a question-and-answer session at the Canadian Climate Institute’s conference in Ottawa on Tuesday, Bloomberg News climate reporter Akshat Rathi asked if Trudeau would guarantee that Canada can do that.

His response? “Yes.”

“Every other plan was based on targets,” Trudeau said. “Any politician can put forward a target. Can you actually put forward a plan to do it?”

The Liberals’ first climate plan in 2016 set a course toward their initial 2030 target, but never included enough initiatives to actually get there.

Trudeau said Canada’s Emissions Reduction Plan, published in March, does provide a road map all the way to the new target established last year.

For the first time, the plan outlines the emissions that have to be eliminated to hit the 2030 target sector-by-sector, and  spells out some, though not all, of the ways that can be achieved.

The oil and gas sector will be required to cap emissions at current levels and then ratchet them down 38 per cent by 2030. The specifics of that cap are in development now, with more details expected next year.

A new tax credit to help oil and gas producers install carbon capture and storage systems will be one of the heavy lifters to help the sector hit its goals. But the industry has been clear it thinks the government’s timeline is too ambitious.

Transportation needs to cut emissions 11 per cent, largely by replacing combustion-engine vehicles with electric versions.

The electricity grid, which is already about 80 per cent clean, needs to further cut emissions by 88 per cent, which will largely come by closing coal-fired power plants and installing carbon capture systems on gas plants.

But Natural Resources Minister Jonathan Wilkinson said at the conference Tuesday that to meet its climate goals, Canada also needs to double or triple the electricity we produce. And to do that, he said, the government is going to have to invest a lot more in renewable energy.

“It is going to need to be of a much more significant scale for us to move forward,” he said.

Trudeau wouldn’t put a timeline on when Canada will start to see a significant decline in greenhouse gas emissions heading toward 2030.

Between 2015, when the Liberals took office, and 2019, emissions went up about 0.7 per cent. In 2020, when COVID-19 shut down large swaths of the economy for weeks on end, emissions finally showed a sharp drop, declining nine per cent compared to 2019.

The 2021 numbers are expected to rebound, given that the economy was much more open.

Skepticism of Trudeau’s climate guarantee is rampant among his political opponents.

Conservative Leader Pierre Poilievre said in question period Tuesday that “the Liberals have not hit a single, solitary climate target since they took office.”

He has promised to cut the carbon price and said Trudeau is a hypocrite for charging extra for “little old ladies” to heat their homes in the winter while he jets around the world on vacations.

This report by The Canadian Press was first published Oct. 18, 2022.

 

Mia Rabson, The Canadian Press

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University of Waterloo stabber should face lengthy sentence: Crown

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KITCHENER, Ont. – Prosecutors are arguing a man who stabbed a professor and two students in a University of Waterloo gender studies class last year should face a lengthy sentence because of the attack’s lasting impact on campus safety and security.

Federal prosecutor Althea Francis says a sentence in the upper range is appropriate not only because Geovanny Villalba-Aleman wanted to send a message about his views but also because he sought to make those with different beliefs feel unsafe.

The Crown has said it is seeking a sentence of 16 years for Villalba-Aleman, who pleaded guilty to four charges in the June 2023 campus attack.

The sentencing hearing for Villalba-Aleman began Monday and is expected to continue all week.

Federal prosecutors argued Tuesday that Villalba-Aleman’s statement to police, and a manifesto that was found on his phone, show his actions were motivated by ideology and meant to intimidate a segment of the population.

Villalba-Aleman pleaded guilty to two counts of aggravated assault, one count of assault with a weapon and one count of assault causing bodily harm.

A video of his statement to police was shown in court earlier in the sentencing hearing.

In the video, Villalba-Aleman told police he felt colleges and universities were imposing ideology and restricting academic freedom, and he wanted the attack to serve as a “wake-up call.”

This report by The Canadian Press was first published Oct. 23, 2024.

The Canadian Press. All rights reserved.



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Nova Scotia premier announces one point cut to HST, to 14 per cent, starting April 1

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HALIFAX – Nova Scotia Premier Tim Houston has announced a one percentage point cut to the harmonized sales tax starting April 1.

Houston made the announcement today as speculation mounts about a snap election call in the coming days.

The premier says the cut to the provincial portion of the tax would reduce it from 15 per cent to 14 per cent.

Houston says his government is making the move because people need more help with the cost of living.

A one percentage point reduction to the HST is expected to cost about $260.8 million next fiscal year.

The department says the HST brings in $2.7 billion or 17.1 per cent of provincial revenues, second only to personal income taxes.

This report by The Canadian Press was first published Oct. 23, 2024.

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A look at what people are saying about the Bank of Canada’s rate decision

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OTTAWA – The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent. Here’s what people are saying about the decision:

“High inflation and interest rates have been a heavy burden for Canadians. With inflation now back to target and interest rates continuing to come down, families, businesses and communities should feel some relief.” — Tiff Macklem, Bank of Canada governor.

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“Activity in Canada’s housing market has been sluggish in many regions due to higher borrowing costs, but today’s more aggressive cut to lending rates could cause the tide to turn quickly. For those with variable rate mortgages – who will benefit from the rate drop immediately – or those with fast-approaching loan renewals, today’s announcement is welcome news indeed.” — Phil Soper, president and CEO of Royal LePage.

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“This won’t be the end of rate cuts. Even with the succession of policy cuts since June, rates are still way too high given the state of the economy. To bring rates into better balance, we have another 150 bps in cuts pencilled in through 2025. So while the pace of cuts going forward is now highly uncertain, the direction for rates is firmly downwards.” — James Orlando, director and senior economist at TD Bank.

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“The size of the December rate cut will depend on upcoming job and inflation data, but a 25 basis point cut remains our baseline.” — Tu Nguyen, economist with assurance, tax and consultancy firm RSM Canada.

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“Today’s outsized rate cut is mostly a response to the heavy-duty decline in headline inflation in the past few months. However, the underlying forecast and the Bank’s mild tone suggest that the future default moves will be 25 bp steps, unless growth and/or inflation surprise again to the downside.” — Douglas Porter, chief economist at Bank of Montreal.

This report by The Canadian Press was first published Oct. 23, 2024.

The Canadian Press. All rights reserved.



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