Carney can do more to protect Canadians from economic storms resulting from global conflict

We don't need Band-Aid solutions for bleeding consumers, but a long-term strategy to encourage investment that marries real energy security, environmental benefits, and less exposure to volatile global energy prices.

Prime Minister Mark Carney, pictured left with Energy Minister Tim Hodgson, wisely acted to soften the blow this week by suspending the fuel excise tax on gasoline and diesel until the end of the summer, but the Liberal government can do more to protect Canadians from the economic storms resulting from the global conflict, writes Shawn McCarthy.The Hill Times photograph by Andrew Meade

Opinion

BY SHAWN MCCARTHY

April 20, 2026

OTTAWA—In the past four years of war involving major energy producers, one scorecard is clear: oil companies: 2; consumers: 0.

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 Innovation & Industry Newsletter

From investment to regulation, the policies, decisions and people working on industry and innovation. Tuesday.

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

FOLLOW THE HILL TIMES: