Our perspectives on the role, risks and potential of energy
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Ontarians head to the polls on Thursday to elect the next provincial government, at the close of an election campaign where green energy has emerged as a hot-button issue. As the rhetoric has escalated on all sides of the debate, Ontario voters have also had to wade through a great deal of misinformation about their energy options.
Freshly minted Environment Minister Peter Kent made no apologies for the oilsands' environmental record when speaking with media outlets including the Globe and Mail and CBC's Evan Solomon this week, calling the industry "ethical in every sense of the word."
It's a familiar argument, drawn from the playbook of Conservative pundit Ezra Levant — and a classic case of the rhetorical device called bait-and-switch.
Public attitudes towards the environment have changed palpably and rapidly; Canada's record as one of the worst environmental performers in the world has taken its toll, and Canadians are telling anyone who will listen that fixing this disgraceful situation is a top concern.
As the price of gas continues to fluctuate, drivers are feeling the pinch, and they're looking for someone to blame — be it the HST, the energy companies or political unrest in the Middle East. Many motorists are also calling for the government to step in and provide relief. Meanwhile, the Ontario government claims that if it reduces prices at the pump through tax decreases, energy companies will just jump in and inflate prices to fill the gap.
Amid all the controversy over pipeline projects recently, one critical fact is being overlooked: government regulators have already approved more than 5 million barrels per day of oilsands production, and we could reach that milestone just over two decades from now.
We must be close to a turning point in investing in the environment, because the budget tabled today couldn't do much less.