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Dear John,
Two new essays published by the Fraser Institute measure the cost and size of Canada’s clean economy.
The Fiscal Cost of Canada’s Low-Carbon Economy finds that since 2014/15, the federal government and provincial governments in the country’s four largest provinces (Ontario, Quebec, Alberta and British Columbia) combined have spent and foregone revenues of $158 billion trying to create at most 68,000 clean jobs.
Sizing Canada’s Clean Economy finds that there was very little change over the 2014 to 2023 period in terms of the share of the total economy represented by the clean economy. For instance, in 2014, the clean economy represented 3.1% of GDP compared to 3.6% in 2023.
The evidence is clear: the much-hyped clean economic transition has failed to fundamentally transform Canada’s $3.3 trillion economy.
Read both essays here, and be sure to share this news on social media.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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