I took my Power in my Hand – /
And went against the World –
Sunday, May 6, 2018
--Finance Minister Bill Morneau’s budget pledged $2 billion over five years to increase international aid through a new International Assistance Innovation program, designed to come up with flexible new financing arrangements, and the Sovereign Loans program.--------------Prior to Tuesday, the current Liberal government had said it would be too difficult to increase the aid budget to the 0.7 per cent target, making it clear it had other spending priorities. “The failure to come anywhere close to achieving the development assistance target … raises legitimate questions about whether ‘Canada is back,”‘ Timothy Evans, the head of health and nutrition at the World Bank, wrote last week as part of a study by the British medical journal, The Lancet
Great to be on site today at Horizon North in #Kamloops to see some of the modular homes being built for our Rapid Response to Homelessness program. Not only are we providing 2000 new homes with this program, it's also creating 2,500 jobs for BC manufacturers. @WeAreHNL
The values of the NDP in BC is to listen to their constituents. The values of the NDP in Alberta is to listen to themselves and try to imitate the PCs to stay in power. The values of the UCP are to demonize the AB NDP to get to power. It's boring. It's about the $ the $ bill yo!
What seems to be lost in this is that Ms. Notely"s government has shut down coal. Consequently it has been the #NDP's pragmatic position that they have earned a "social licence" to increase tar sands production. In that context, maybe they have.
You know the interesting g thing is right now at this very moment alberta is importing g electricity from coal fired plants in Montana, & Manitoba. Incredible, the plan for the earth involves having someone else burn more coal so you can buy the power. Just so hypocritical.
Moving the responsibility for coal fired generation of electricity to other places while paying out big time to AB coal fired plants to shut down early is incompatible policy making. Also are we paying more for getting this electricity out of province? What happens in emergency?
I'm not defending them. Humanity could turn off 100% of carbon emissions right now and it would still be unlikely to hit the Paris target of less than a 2 degree increase. Regardless, one would hope the province will invest carbon pricing revenue into clean energy. #NDP
I pretty well think we're going to go extinct. So what this means is that the political leaders are selling us baloney. In other words, the Cons are saying the truth, that it's hopeless. Liberals and NDP pretending or believing it's hopeless but willing to try. End result same.
I for one, am not in favour of accelerating my inevitable demise. Second, if there is to be a future, the second group is a preferable choice. Perhaps enclaves of humans in remote geographies will persevere.
I think the policy decisions won't change the future fate of the species. Somehow it's not productive in my mind to make us pay more for our extinction several generations ahead of time. We're already amortizing debt over generations of taxpayers and now prepaying for extinction?
The alternative to running deficits isn't necessarily a better thing to do. Alberta's recovery is in full swing. Ms. Notely's contemporary Mr. Wall slammed the province with a regressive tax increase, service cuts, lagging growth, falling wages.
I also do not believe the happy stories being generated by gov. I do not see this recovery that they are bleating about. There is no recovery. Kids can't even get summer jobs. So where is the recovery? In the spin machine. Maybe public sector jobs? Folks have to start businesses.
The recovery is in terms of GDP and has been reported by reputable sources. Alberta has gone through these cycles before...It's not like this has never happened. The old bumper sticker from the 80's said "Please God, send another oil boom. I promise not to piss it away this time"
Stop with the fake news Jeff. There is no recovery in Alberta. Things aren’t even close to what they were previously. 9% unemployment in Calgary & now employers are actually cutting benefits because they can get away with it. Over taxed business shuts down. Welcome to socialism.
OTTAWA – U2 frontman Bono is heaping praise on the Trudeau government for a new infusion of Canadian overseas development spending, leading a chorus of anti-poverty activists who are cheering the biggest boost in almost two decades.
Finance Minister Bill Morneau’s budget pledged $2 billion over five years to increase international aid through a new International Assistance Innovation program, designed to come up with flexible new financing arrangements, and the Sovereign Loans program.
It is the biggest increase in Canadian foreign aid in 16 years, and it comes after more than a decade of austerity and budget cuts branded the country as laggard in helping the world’s poorest people.
The new spending is being heralded as a way for Canada to leverage its G7 chairmanship to help alleviate poverty when Prime Minister Justin Trudeau hosts its leaders for their June summit in Quebec’s Charlevoix region.
Bono, who founded the anti-poverty advocacy group known as the ONE Campaign, heaped praise on the prime minister, reversing his group’s earlier criticism of the current government’s past stinginess on foreign aid.
Federal Budget 2018: NDP say Liberals’ pharmacare plan does not talk about implementation
ONE is an advocacy group that does not administer foreign programs, but the agencies that deliver it in the world’s poorest countries are welcoming the new cash as a good start, although they say more is needed.
“Oh Canada! Prime Minister Trudeau’s budget – and the smart, women-centred policy that guides it – is leadership in action,” Bono said in a statement.
“Words alone can be cheap, but words written into budgets are worth their weight in lives saved, and worthy of praise. We are grateful for your leadership today, and for what we know Canada will help the world deliver at the G7 this spring.”
CARE Canada welcomed the new money, saying it would be a “welcome starting point” to G7 efforts to alleviate poverty. But Gillian Barth, its president, said the government needs “to raise ambition in line with Canadians’ desire for increased influence and compassion on the international stage.”
Though the initial boost will be nine per cent more than last’s year’s budget, the increases are less than two per cent year a year between 2019 and 2023, she said.
“This is insufficient to keep up with the rate of inflation,” said Barth.
Michael Messenger, the president of World Vision Canada, said the budget represented “an important and necessary first step” that demonstrates leadership.
“Escalating conflict, health pandemic threats and weakened economies have created global needs we haven’t seen in recent times, especially for the most vulnerable children – and Canadian international assistance is an important part of the solution.”
Under the Trudeau Liberals, Canada’s international development budget has atrophied just as it did under the previous Harper Conservatives.
According to the latest statistics by the Organization for Economic Co-operation and Development, Canada’s aid spending amounted to 0.26 per cent of gross national income, placing it 15th among 35 OECD countries.
That’s far below the elusive 0.7 per cent target set by the United Nations – a goal that was set after a recommendation by an international commission led by former Canadian prime minister Lester Pearson.
Canada has never reached 0.7 per cent; only a handful of countries have, including its G7 partner, the United Kingdom.
The Harper government faced heavy criticism in 2010 for not boosting aid spending when Canada last hosted what was then the G8. The Conservative government honoured a 2002 commitment by the Jean Chretien Liberals at the G8 summit in Kananaskis, Alta., to double aid spending to Africa by 2010. But the Tories froze and then cut foreign aid entirely.
Tuesday’s budget said Canada would spend $594 million on the G7 leaders’ summit and the ministerial meetings leading up to it.
WATCH: Federal Budget 2018 offers a modest budget as Liberals prepare for election year
Prior to Tuesday, the current Liberal government had said it would be too difficult to increase the aid budget to the 0.7 per cent target, making it clear it had other spending priorities.
“The failure to come anywhere close to achieving the development assistance target … raises legitimate questions about whether ‘Canada is back,”‘ Timothy Evans, the head of health and nutrition at the World Bank, wrote last week as part of a study by the British medical journal, The Lancet.
After last year’s federal budget, Morneau told The Canadian Press that aid agencies would simply have to do more with less, citing the creation of a new Development Finance Institution, which will lend money to private companies to help them pay for poverty reduction.
But after International Development Minister Marie-Claude Bibeau unveiled Canada’s new feminist foreign policy in June with no new money attached, she said she would continue to fight hard around the cabinet table for more funding.
This also doesn't include the "loan" to @OilGasCanada for their liabilities of orphan well program that we gave $235 million as "loan" and $30 million free to pay for interest charges. Redwater decision ensures taxpayer on hook for env liabilities left by bankrupt companies.
I'm guessing that there is more charity for oil companies than there is for foreign countries. https://www.iisd.org/faq/unpacking-canadas-fossil-fuel-subsidies/… HOW MUCH DOES CANADA GIVE OUT IN FOSSIL FUEL SUBSIDIES?
About $3.3 billion for oil and gas producers (currency in Canadian dollars).https://www.iisd.org/faq/unpacking-canadas-fossil-fuel-subsidies/ Introduction
Oil, gas and coal are multi-billion dollar businesses, yet every year fossil fuel companies get billions in tax breaks and handouts. In a world that’s shifting to cleaner sources of energy, those subsidies don’t make sense—especially when they work against the other actions we’re taking to fight climate change.
Prime Minister Justin Trudeau and his government have promised to stop subsidizing fossil fuels in Canada—that was a clear and specific promise in their election platform. But the federal government’s latest budget actually locked in some fossil fuel subsidies for another 10 years.
Taxes and subsidies are a complicated topic. This website was created to cut through the jargon, so you can understand what’s really happening, debate it, and propose solutions for Canadians and Canada’s economy.
WHAT ARE FOSSIL FUEL SUBSIDIES?
A subsidy is a financial benefit that the government gives, usually to a specific business or industry. Economists can debate the difference between a subsidy and “support” for hours, but that’s a pretty good plain-English definition. (It’s also roughly how the World Trade Organization defines the term.)
The benefit from a subsidy can be a direct handout of cash or a tax break that has the same effect. Either way, it’s more money in the pocket of whoever receives the subsidy.
A fossil fuel subsidy goes to fossil fuel producers or consumers—whether it’s for digging coal out of the ground, shipping gas through a pipeline or burning oil for energy.
HOW MUCH DOES CANADA GIVE OUT IN FOSSIL FUEL SUBSIDIES?
About $3.3 billion for oil and gas producers (currency in Canadian dollars).
That includes measures like reduced property taxes and special tax deductions for the industry, as well as direct infusions of cash from the government to companies. You can find a list of key subsidies below.
Both the federal and provincial governments are providing these subsidies. Examples of federal programs include the Canadian Development Expense, the Canadian Exploration Expense, and the Atlantic Investment Tax Credit, with a yearly average value of $1 billion, $148 million and $127 million, over 2013 to 2015. Examples of provincial programs include Crown Royalty Reductions in Alberta with an average value of $1.16 billion and the Deep Drilling Credit in British Columbia valued at $271 million, over the same years.
Infographic. Map of Canada and fossil fuel subsidy amounts.
WHAT DO FOSSIL FUEL SUBSIDIES COST ME?
$3.3 billion is obviously a lot of money. Let’s put it in perspective.
That would pay for education for 260,000 students (Canada’s average annual spending per student is $12,700).
It would provide Canadians a hospital bed for 16,000,000 days (average cost of a hospital bed per day is $202 for primary care).
It would offer job training for 330,000 workers (Canada Job Grants provide up to $10,000 to help workers gain the right skills).
Or it’s $94 dollars in the pockets of every Canadian each year.
SO THEY’RE EXPENSIVE AND WE COULD DO BETTER THINGS WITH THE MONEY. IS THAT THE PROBLEM WITH FOSSIL FUEL SUBSIDIES?
Yes, but it gets worse. Not only are fossil fuel subsidies a bad idea, but they’re doing damage to some of Canada’s good ideas.
Most Canadians currently live in a province with some kind of price on carbon pollution, whether it’s in place or under development. The plan is to make that national. Much like Canada’s past success in stopping acid rain, putting a price on carbon pollution is a key part of the global fight against climate change.
Fossil fuel subsidies work against that—they give money and tax breaks to the sources of carbon pollution that we’re trying to scale back. It’s like raising taxes on cigarettes to discourage smoking, while also giving tobacco companies a tax break so they can make more cigarettes.
DIDN’T PRIME MINISTER JUSTIN TRUDEAU SAY HE WOULD DO SOMETHING ABOUT THIS?
Yes. When the Liberals were running for election in 2015, they promised to end fossil fuel subsidies. It’s right here, on page 5 of their “environment and economy” plan: “We will fulfill Canada’s G-20 commitment to phase out subsidies for the fossil fuel industry.”
That’s the plan that Justin Trudeau launched with a major speech in Vancouver last summer, leading to headlines like this one:
CBC News screenshot
Along with the United States and Mexico, Canada has also publicly called for other G20 countries to end fossil fuel subsidies in less than a decade. But we haven’t taken the necessary steps to live up to the commitment at home yet.
WHAT’S THE GOVERNMENT’S STORY?
So far, the government has been quiet about the details of its plan. As part of its G20 commitment, Canada has said that it will eliminate “inefficient” subsidies. But that hasn’t been clarified—nobody knows which subsidies will or won’t be considered inefficient.
WHAT SHOULD CANADA DO?
To start, Canada should stop introducing new subsidies for fossil fuel companies. We also shouldn’t be extending the lifespan of any existing subsidies that are scheduled to expire.
Second, the government should announce when it will end all of the fossil fuel subsidies listed below, to keep the promise the prime minister made during the election. Now is the time for Canada to remove its fossil fuel subsidies under an ambitious timeline.
CAN YOU TELL ME MORE ABOUT THESE SUBSIDIES?
These some of the largest current subsidies to the fossil fuel industry in Canada.
Subsidy name Who gives it? Who gets it? How much is it worth?*
Canadian Development Expense Canada Oil and gas companies $1,018 million
Canadian Exploration Expense Canada Oil and gas companies $148 million
Crown Royalty Reductions Alberta Oil and gas companies $1,161 million
Deep Drilling Credit British Columbia Gas companies $271 million
Atlantic Investment Tax Credit** Canada Oil and gas companies $127 million
Other subsidies Federal and provincial Oil and gas companies $589 million
Total $3,314 million
* The exact amount changes from year to year, so this is a yearly average based on estimates from the period 2013-2015 with specific data used for all years available and averaged. During periods of higher oil prices, royalty payments will also tend to be higher. As such, the impacts of royalty reductions (such as those in Alberta) were higher in 2013 than in 2015”.
** The oil and gas component of this program is scheduled to be phased out in 2017.
Infographic. Tell me more about subsidies
You can learn more from this detailed report, which gives a detailed breakdown of fossil fuel subsidies in Canada in 2013-2014. The IISD Global Subsidies Initiative has produced a wealth of information on subsidies to fossil fuels globally and in Canada.