More evidence is emerging that Prime Minister Mark Carney is choosing to ignore what he knows about climate change economics to do precisely the wrong thing. He is thinking of reviving the Keystone XL pipeline.
As a world expert on climate change economics, Carney could tell you that the crucial thing is to avoid locking in inappropriate long-term investments in fossil fuels which we will need to scrap early and which will delay and raise the costs of dealing with climate change. Unfortunately, the political imperative to cater to the planet-wrecking industry has overpowered his expertise, honesty, or integrity. The sad fact is, once built, even the dirtiest projects are politically agonizing to shut down. Carney is ignoring the most elementary requirement of controlling climate change: to stop building the fossil fuel infrastructure that causes the problem.
Related:
- The environmental movement and young people’s rage
- Keystone XL uncertainty and the environmental movement’s proficiency at saying no
- Canada’s message to the world
- Targeting pipelines
- Unproductive investments that harm the world
