Clean Prosperity

On the Pathways Alliance carbon capture and storage project, Adam Sweet told andrew bell on BNN Bloomberg: "There's never been, and probably never will be, a deal this good for energy companies, to ensure the long-term sustainability of Alberta's oil sands." https://lnkd.in/gCmqvf2i

Our VP Benjamin Dachis will speak at the Public Affairs Association of Canada webinar "Homes & Affordability – What's Next for Ontario Housing Policy?" on November 7 at 1 PM (ET). Benjamin just won the The Hub Canada's Hunter Prize for his ideas on reducing housing costs and emissions: https://lnkd.in/g9qkTEj4 https://lnkd.in/gYkCBBRe

"The federal government's proposed emissions cap is the wrong policy. The new regulations couldn't arrive at a worse time." Our Western Director Adam Sweet on the federal government's draft regulations to cap oil and gas emissions: https://lnkd.in/g3sszWPS

Congratulations to Benjamin Dachis on winning the Hunter Prize from The Hub Canada! Benjamin Dachis proposed a transformative idea for Canada’s housing crisis: we should finance critical infrastructure through long-term debt (not high development charges) to lower housing costs. Canadian cities often fund water, roads, and sewage systems through high development charges. But the fees disproportionately affect those seeking to buy homes, he says. In the GTA, for example, development charges for water and wastewater alone can exceed $55,000 per home. Financing infrastructure through long-term debt allows cities to reduce upfront costs on homebuyers. “As we work to build the millions of homes needed to restore affordability, we must adopt a model that allows for equitable sharing of infrastructure costs,” Dachis writes. This approach also supports Canada’s energy transition. With city-backed financing, developers could more easily adopt low-carbon technologies like heat pumps, lowering both environmental and economic costs for future homeowners. Dachis calls for policy reforms that empower cities to finance infrastructure sustainably, supporting affordable, resilient, and low-carbon communities across Canada. Congratulations! 🔗 Read more: https://lnkd.in/g9qkTEj4

The Pathways Alliance carbon capture and storage project is critical to Alberta’s oilsands, Adam Sweet told Shaye Ganam on Corus Radio today. “I don’t know when there could ever be a deal this good for Alberta’s energy companies.” 🎧 Listen here: https://lnkd.in/g97Yd9ey 

Ontario Finance | Ontario Finances announced that it will eliminate the transfer tax on private investment in local electricity utilities beyond a 10% threshold in #OnFES2024 today. It's an important measure to support the electrification of Ontario's economy, and a key recommendation in our recent report. In trying to reach net-zero, Ontario is increasingly reliant on its electricity grid. It is critical that electricity remains affordable and reliable. But our new report (linked below) shows that there is an infrastructure financing gap of between $2.2 and $8 billion over the next 15 years. Transfer and departure taxes limit local utilities’ options for financing capital investments. The Ontario Government | Gouvernement de l’Ontario move to eliminate the transfer tax today will enable significant grid investments. "Ontario’s plan to eliminate the transfer tax means that local electrical utilities will have more options to finance investment in infrastructure," said Benjamin Dachis. 🔗 Read our report: https://lnkd.in/gu5T-dcg

“Local councils have to choose. Are they committed to a net-zero future? We need a massive amount of electrification, and that means an increase in investment," says Benjamin Dachis, vice president of research and outreach at Clean Prosperity, in a new piece by John Michael McGrath at TVO 👇 https://lnkd.in/g_wvjQKH

The Pathways Alliance project would "redefine Alberta’s place in a global low-carbon economy, shaping the long-term sustainability of our oil sands," says Adam Sweet in a new op-ed in the The Globe and Mail today. Read more 📰 👇 https://lnkd.in/g5FGaWHK

Ontario faces a financing gap of $2.2 billion to $8 billion in investment needed to upgrade the infrastructure that delivers ⚡ electricity directly into peoples’ homes, says our new report, out today. Ahead of the Ontario Finance | Ontario Finances fall economic statement this week, the new report argues for targeted tax reforms to give municipal governments more options for investment in local electricity distribution. “The provincial government is rightly committed to adding lots of new electricity generation to respond to Ontario’s growing needs, but nobody’s talking about the scale of investment needed to deliver all that additional electricity to customers,” said Benjamin Dachis, report author and vice president of research and outreach at Clean Prosperity. Instead of covering the financing gap with increased property taxes, higher electricity rates, or charges to housing developers, which all would add to the housing affordability burden, we propose to reform the tax system to encourage increased private investment. To support certainty about future growth in electricity demand and help drive investment, the Ontario Government | Gouvernement de l’Ontario should commit to decarbonizing home heating and transportation, the report says. 🔗 Read more here: https://lnkd.in/gu5T-dcg 

The Globe and Mail reports this morning that the Canada Growth Fund has put an offer on the table to back capital costs for the Pathways Alliance carbon capture and storage project. “I’m ultimately confident, because we have a moment in which everybody’s at the table,” said Adam Sweet, the climate-policy organization Clean Prosperity’s director for Western Canada. “If everybody can realize just how good an opportunity this is right now, then we can move.” 🔗 Read more: https://lnkd.in/gguYHQ4V