Poilievre Vows to Scrap Industrial Carbon Pricing Amid Falling Poll Numbers

Conservative Party Leader Pierre Poilievre pledged to eliminate Canada’s industrial carbon pricing system if elected, a move experts warn would undermine the country’s emission reduction efforts and potentially harm economic competitiveness.

“We will take the carbon tax off your gas, heat and food,” Poilievre said on Monday. “But we will also axe the tax on Canadian steel, aluminum, natural gas, food production, concrete and all other industries.”

The announcement comes days after Prime Minister Mark Carney removed the consumer carbon price as one of his first actions in office, suggesting Poilievre is seeking to maintain the carbon tax as a political wedge issue despite the shifting landscape.

His promise comes as the political tide has turned sharply against the Conservatives. According to an Angus Reid poll released Monday, Liberals under Carney have surged to 42% support compared to the Conservatives’ 37%, erasing a more than 20-point Conservative lead from just a couple of months ago.

The same poll shows Canadians prefer Carney over Poilievre by a significant margin on economic issues. 55% of respondents said Carney would better handle trade disputes with the United States, compared to just 31% for Poilievre — a critical finding as experts warn about trade implications of removing carbon pricing.

Economic analysts also question the policy’s economic rationale. They warn the European Union will implement carbon border tariffs next year that would make Canadian exports more expensive if they lack domestic carbon pricing.

“Us removing our industrial price is not only offside with the Europeans… but we may end up offside with the Americans,” Chris Bataille, an adjunct research fellow at Columbia University specializing in industrial emissions, to the National Observer. Bataille also described Poilievre’s move as desperate.

“It reeks of desperation, to be honest,” he said.

Industry groups representing steel producers, manufacturers, and chemical companies previously described industrial carbon pricing as “the backbone of decarbonization” in a letter to provincial environment ministers last October.

According to the Canadian Climate Institute, industrial carbon pricing is projected to deliver between 20% and 48% of Canada’s emissions reductions by 2030, making it a cornerstone of the country’s climate strategy.

The Prime Minister’s office responded that Poilievre’s opposition to environmental plans “has always been designed to let the biggest polluters off the hook.”


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. If Canada will axe the carbon pricing it is a blessing for the Canadian citizen and economy.

    If the EU will implement carbon tariffs on imports Canadian exports, oil, nickel, aluminium, grain will be affected in the same way as such imports from other parts of the world. It makes Europe poor but will not change competitiveness of the Canadian economy.

Video Articles

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Antimony Resources Expands New Discovery Following Trenching

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

Related News

Conservative MP In Battle River-Crowfoot Resigns For Poilievre To Run In Byelection

Canada is set to have a byelection in the near term following the 2025 election....

Friday, May 2, 2025, 02:37:56 PM

Pierre Poilievre Declined CBC News’ 2022 Request to Discuss Threats to ‘Defund’

CBC-Radio Canada President and CEO Catherine Tait requested to meet with Conservative Party leader Pierre...

Friday, April 28, 2023, 11:02:00 AM

‘I Don’t Shut Up’: Tempers Flare Between Smith and Carney

Prime Minister Mark Carney and Alberta Premier Danielle Smith traded barbs this week after Carney...

Tuesday, April 8, 2025, 12:47:00 PM

Carney Tables Half-Trillion-Dollar Plan With Revenue Questions Unanswered

Mark Carney’s government tabled its 2025–26 main estimates, unveiling a $486 billion spending plan that...

Friday, May 30, 2025, 11:29:00 AM

Trudeau’s Outreach to Carney Raises Questions About Freeland’s Position

Is he going to make her take the fall?...
Friday, December 13, 2024, 07:47:13 AM