OLIVER: Climate change alarmists seriously harm the economy | Toronto Sun

Economist
Trudeau Paris James Alexander Michie

Prime Minister Justin Trudeau signs the Paris Agreement on climate change during a ceremony at the United Nations headquarters in New York on April 22, 2016.Sean Kilpatrick / Canadian Press

Canada’s energy industry is in crisis mode. Our economy stands to lose over $45 billion annually due to the massive discount at which we sell oil to the U.S. because governments and environmental activists have blocked the construction of pipelines to tidewater.

Their opposition is based on a profound belief that we must rapidly reduce our dependency on Greenhouse Gas (GHG) emitting fossil fuels or climate change will inflict irreparable harm to life on the planet. However, that belief is at best grossly exaggerated or simply false.

Dire prophesies about climate change have failed to materialize. Eleven years ago the World Wildlife Fund warned we had five years to save the world from catastrophic climate change. Seven years ago, the International Energy Agency predicted there were five years left.

Predictions have also been wrong, sometimes spectacularly, about temperature increases, endangered polar bears, disappearing polar ice and islands sinking into the sea. As well, computer models consistently overestimate warming.

Failed predictions should make alarmists more modest about their knowledge of climate science, which is a massively complex subject. Yet being wrong only increases their fervour, which has led to policies that seriously damage the Canadian economy, but do virtually nothing to solve the supposed problem.

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Source: Joe Oliver | Toronto Sun

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