Mark Carney's Oil and Gas Cap to Cut 54,400 Jobs and Reduce GDP by $20.5 Billion by 2032, Alberta Criticizes Trudeau Government

24 posts • Grok (Beta)

Updated Mar 12, 2025, 11:13 PM

A recent report from the Parliamentary Budget Officer (PBO) has calculated that Mark Carney's proposed oil and gas production cap would lead to significant economic repercussions for Canada by 2032. The cap, endorsed by Carney, is projected to eliminate 54,400 full-time Canadian jobs and reduce the country's GDP by $20.5 billion annually, which equates to a 0.39% reduction in real GDP. The PBO's analysis indicates that the cap would result in a 5% reduction in oil and gas production. Critics argue that this policy, amidst ongoing trade tensions with the U.S., could further weaken Canada's economic position and adversely affect the energy sector. Carney's support for the cap has drawn criticism from various quarters, including the Conservative Party, which accuses him of favoring policies that benefit his personal investments in U.S. coal while undermining Canadian energy interests. The Alberta government, led by Premier Danielle Smith and Environment Minister Rebecca Schulz, has condemned the cap as a job-killer and an unconstitutional overreach, criticizing the Trudeau government's approach.

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#Parliamentary Budget Officer #Mark Carney #Canada #Carney #Canadian #Conservative Party #Alberta #Danielle Smith #Rebecca Schulz #Trudeau

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Sources

rebelnews.com(2)conservative.ca(2)nationalpost.com pbo-dpb.ca

🇨🇦 Blake Richards 🇨🇦

@BlakeRichardsMP

🚨 The Carney-Trudeau Cap on Canadian Energy: An Assault on Our Prosperity and National Security 🚨 Canada, a land rich with hope and boundless potential, is under threat. The Carney-Trudeau cap senselessly targets one of our cornerstone industries, jeopardizing our sovereignty… https://t.co/7CxvxKoEVv

Michael Barrett

@MikeBarrettON

Parliament Budget Watchdog’s Report exposes Carney’s anti-Canadian energy cap—which will kill 54,000 jobs and gut $21 billion from our economy. If Carney wins, Canada loses. https://t.co/TnpllhFiDW

Rebel News

@RebelNewsOnline

Alberta’s stance: The Carney Liberals' emissions cap is a job-killer, a GDP destroyer, and an unconstitutional overreach. READ MORE: https://t.co/PNcdVQgKgO https://t.co/WIigKlchbP