Canada’s budget missed a big inflation-fighting measure: energy efficiency

Without greater efficiency in how we consume energy, federal support for riskier ‘clean’ energy will not only fail to deliver big emission reductions, but could also turn good intentions into a Trojan Horse for further inflation.

Natural Resources Minister Jonathan Wilkinson. The cheapest energy to counter inflation is the energy we don’t need, write Johanne Whitmore, Pierre-Olivier Pineau, and François Delorme.The Hill Times photograph by Andrew Meade

Opinion

BY Johanne Whitmore,Pierre-Olivier Pineau,François Delorme

April 12, 2023

Most Canadians welcomed the federal budget’s $80-billion in tax credits for ‘clean’ energy and technologies as a response to the U.S. Inflation Reduction Act. Of that, 30 per cent will support much-needed investments in clean electricity. More will go towards inve...

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Tuesdays: Innovation & Industry Newsletter

The policies, decisions, and people working on investment and regulation in the industry and innovation realm.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy