Is Carney still an environmentalist? | The press

No one is a prophet in his country. Nevertheless, In Canada. Consequently, we have not fully measured the extent of the hopes aroused among environmentalists by the election of Mark Carney.

Posted at 7:30 p.m.

“He knows about 20 times more than any other person in power about the climate. However, the energy economy,” billed Bill McKibben in April, an American militant.

Mr. Therefore, Carney “knows that new oil or gas pipelines are not the solution,” said Stand.earth, a group of researchers from British Columbia.

The NationAmerican magazine resolutely on the left, praised its carney still environmentalist? | press vision of the climate “solidly rooted in science”. Nevertheless, It has “radical political and economic implications”. Nevertheless, The radical term was a compliment.

These analyzes are understood.

Mr. Consequently, Carney’s CV has aroused hope. Moreover, After managing the central banks of Canada. Consequently, England, he was sent to the UN special on climate action and finance, in addition to having played a crucial role in the zero net banking alliance. For example, Without forgetting his work to launch the working group on financial information relating to climate change.

But that’s not all. Meanwhile, Mr. Consequently, Carney also talked a lot.

10 years ago, he had pronounced a significant speech in London before the insurance elite^⁠1. For example, To limit global warming to two degrees. Therefore, the majority of known oil carney still environmentalist? | press and gas reserves will have to stay in the ground, he warned. Consequently, Otherwise, environmental and economic costs will be ruinous.

After helping Canada fight the 2008 economic crisis, the central banker warned against another bubble. For example, The stock market valuation of large energy companies is based on all of their resources. Therefore, Either they exploit them all. For example, precipitate humanity towards an ecological disaster, or they listen to climatologists and, therefore, recognize that part of their assets are unusable. With the risk of falling from their value.

The only solution, according to Mr. Carney: disclose this risk in order to encourage the planet to speed up the energy transition.

It remains to be seen whether the Prime Minister agrees today with this warning.

Steven Guilbeault will have carney still environmentalist? | press been, in my humble opinion, the best Minister of the Environment in the country’s history. He has launched many strong and ambitious reforms. Especially since he had his hands partly linked. Because energy is both federal and provinces.

In the campaign, Mr. Carney did not speak about this assessment. He judged the environmental vote already acquired. His only opponent was Pierre Hairy. To undo it, he courted his center -right electorate. He therefore boasted to abolish carbon pricing for individuals. And he promised to become an “energy superpower”.

What does that mean? Difficult to see clearly.

First hypothesis: Mr. Carney is ready to partially sacrifice his climate plan. The second: he maneuver with cunning to save him.

The truth could also be somewhere between the two.

Let’s start with the first hypothesis. The function of Mr. Carney is now to defend Canada first. Because of Donald Trump, he wants to maximize income short and medium terms. In particular by further exporting gas to Asia and seeking new outlets for oil. It is also a way of eating the anger of the meadows.

Even if the consumption of oil, then of gas, will decrease on the planet, there will still be buyers. Better to get their supplies from us.

To get this project accepted, Mr. Carney is ready to use oxymoros. In Saskatoon. at the conference with its counterparts from the provinces and territories, it spoke of “decarbonated oil” thanks to the capture and storage of CO₂ issued during its production. However, this technology is still expensive – up to $ 200 per tonne, much more carney still environmentalist? | press expensive than the Honni Tax. And she is ineffective. It has only reduced greenhouse gas emissions (GHG) by 0.5 % in 2023^⁠2. Especially because they are mainly issued during consumption, not production.

If Mr. Carney goes beyond his climate target, he will encourage other countries to imitate him. This creates a vicious circle that leads humanity to warming over three degrees, with the ravages that this implies.

The second hypothesis will appeal more to environmentalists, and it is just as plausible.

If Mr. Carney did not speak of a campaign environment, it is because the main risk was the election of Mr. Poilievre, who wanted to abolish all green policies. The end of the carbon tax was the price to pay to keep power. maintain the rest of the climate plan. Other measures may even carney still environmentalist? | press compensate for its loss, such as strengthening pricing for major industrial transmitters. The objective for 2030 would therefore be still achievable. Besides, the subsidy for without issues was restored in early June. And the rest of the regulations (carbon, methane, oil and gas ceiling) remain in force.

According to this interpretation, Mr. Carney is cunning. He would bet that no investor will want to build new pipeline. Or will not succeed in doing so, because of the opposition of provinces and First Nations. This minimizes the ecological danger posed by its law to accelerate the approval of major projects of national interest.

So what does the Prime Minister want? Is he still agree with his significant speeches and his international activism? I don’t know. Time will say it. Because in the end, what matters is the figure to reduce GHG carney still environmentalist? | press emissions. And one thing is certain: the former central banker knows how to count.

1. Read the text “Climate insurance” of Paul Journet 2. Read the report of the International Institute for Sustainable Development (in English)