Bank of Canada debunks Ford’s doomsday talk

April 25, 2019

TORONTO — Mike Schreiner released the following statement after the Bank of Canada said carbon pricing will have no net effect on growth:

QUEEN’S PARK — Mike Schreiner released the following statement after the Bank of Canada said carbon pricing will have no net effect on growth:

“Canada’s financial experts have spoken, and they have rebutted the Premier’s doomsday talk.

Ford continues to conceal the reality that Ontarians are receiving carbon rebates, which was key to the Bank of Canada’s analysis that pollution pricing will have no net effect on economic growth.

A majority of Ontarians accept or support pollution pricing, and yet Ford wastes millions of their money to sabotage climate solutions with his fuel stickers and radio ads.

At the same time, the Bank of England has laid bare the costs of climate inaction, pegging asset losses at $20 trillion if we fail to take decisive action.

We need the Premier to be honest with people, to put evidence before ideology, before he does any more damage to our economy and our environment.

It’s time for Ford to drop the misinformation campaign and stop wasting our hard earned money sabotaging climate solutions.”

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