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Dear John,
The current energy crisis in Europe predates Russia’s invasion of Ukraine. It is largely the result of bad energy policies.
For example, many European countries mandated the phase-out of conventional coal-fired and nuclear electricity generation and accelerated the transition to renewable energy sources, such as solar and wind power.
Europe also brought in a carbon price which recently increased to roughly $110 per tonne.
... sound familiar?
A new Fraser Institute study out today finds that the policies enacted in Europe that helped create the current energy crisis are the same policies that the Canadian federal government is pursuing, and the results will be the same — higher energy prices, higher costs of living, and lower economic growth.
Check out the full study here, and be sure to share it on social media!
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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