Carney’s Job-Killing Cap On Canadian Energy
Ottawa, ON – A new report from the Parliamentary Budget Officer reveals that the Carney-Trudeau cap on Canadian energy will reduce oil and gas production by nearly 5%, cut GDP by $20.5 billion annually, and eliminate 54,400 full-time jobs by 2032.
Canada’s energy sector currently employs nearly one million people, providing strong paycheques and life-changing opportunities for families and communities nationwide. In 2022, oil and gas contributed $45 billion in revenue to Canadian governments, funding schools, hospitals, roads, and other crucial public services. Instead of strengthening our economy and supporting workers, Mark Carney’s policies will devastate the energy sector, destroy jobs, and make life more expensive for Canadians at the worst possible time.
For years, the Carney-Trudeau Liberals have attacked Canadian oil and gas workers, pushing a radical anti-energy agenda. Mark Carney has made his intentions clear, stating:
“You know the oil and gas sector in Canada produces more than a quarter of our emissions, so just, and that’s in the production and transportation of oil and gas, not the actual use of oil and gas, gas in our cars, used to heat some homes and other things. So, we can’t meet our ultimate objectives which is to get to net zero emissions which by the way is what we have to do to prevent the wildfires and the other climatic events from getting worse, what the world has to do, we can’t get there unless we do not just have a cap on emissions, but those emissions are brought effectively to zero”
As Justin Trudeau’s economic advisor, Carney has played a central role in destructive Liberal policies, including the carbon tax and this job-killing energy cap—policies that have driven up costs and weakened Canada’s economy.
Now, as Canada faces new U.S. tariffs that threaten to inflict even more economic damage, Carney is doubling down on his “keep it in the ground” agenda. At a time when Canada should be expanding energy production and securing global markets, the Liberals are blocking natural resource development, pipelines, and other critical nation-building projects.
Common Sense Conservatives will repeal Carney’s job-killing energy cap and other anti-resource development laws. We will produce more Canadian oil and gas, build pipelines, and turn dollars for dictators into paycheques for Canadian workers—always putting Canada first.