Carney Doubles Down on Job-Killing Cap On Canadian Energy
Ottawa, ON – Last night, Mark Carney once again committed to keeping the radical Liberal cap on Canadian energy.
For years, the Carney-Trudeau Liberals have attacked Canadian oil and gas workers, pushing a radical anti-energy agenda. When asked:
“You appeared to suggest yesterday that you are open to moving away from the federal government’s emissions cap, while your environment minister said that the cap will remain in place. Can you explain what your approach will be to the emissions cap and specifically how it will be determined and what will inform your decision?”
“I am focused on getting emissions down from the production and transportation of conventional oil and gas… Now there is a role for an emissions cap.”
When asked again,
“Will you maintain the emissions cap or not?”
Mark Carney flatly responded:
“The emissions cap. Yes.”
Let’s be clear, this cap is a cap on Canadian energy production. So as the US is going after our energy sector and Canadian markets more broadly, the Carney Liberals would like to cap Canadian energy production and block exports of our oil and gas to the world.
This will be a disaster not only for Canadian jobs, but for Canada’s ability to defend ourselves from the unjustified US trade tariffs, especially when it comes to exporting our energy to global markets.
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.
A report from the Parliamentary Budget Officer revealed 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.
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. This is all while Mark Carney invested in overseas oil pipelines and energy projects, through his company Brookfield Asset Management. Which raises the question, as Mark Carney attacks Canadian oil and gas and pushes subsidies for green technologies, do Carney and Brookfield stand to make financial gains as a result of Carney’s policies?
As Justin Trudeau’s economic advisor, Carney 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 he 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 energy, build pipelines, and turn dollars for dictators into paycheques for Canadian workers—always putting Canada first.