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Let’s get something straight off the top: I’m not suggesting we abandon our climate goals — we need to adjust them. Adjust. That’s the key word, because right now, across all levels of government in Canada, we are charging ahead with unrealistic climate policies that don’t line up with economic reality or practical science. And if we don’t course-correct soon, we’ll keep driving investment and opportunity out of this country.

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On April 29, just one day after the Trudeau Liberals were re-elected, RBC announced it was backing away from its $500 billion sustainable finance target and exiting its Net-Zero Banking Alliance (NZBA) commitments. That wasn’t a coincidence. It was a signal.

A central Canadian bank, with full knowledge of the political landscape and economic risks, pulled the plug on its climate commitments not because it doesn’t care about the environment, but because the math doesn’t work anymore. They’re not alone. Many companies are stepping away from net-zero targets, and some are exploring greener pastures south of the border. Not because of trade barriers or competition, but because of Ottawa’s overbuilt, overreaching climate regulations.

Let’s be honest: We’ve reached the point where good intentions are turning into bad policy. You can’t base national policy on activist slogans or Twitter outrage. You can’t take advice from groups that don’t answer to voters and have no accountability. Yet time and again, we’re watching as federal and even local governments bend over backwards for loud activist groups that have figured out how to bully their way into policy discussions. These groups aren’t elected, and they don’t carry the burden of economic consequences.........

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