Ottawa's Emissions Plan Risks Deep Recession in Alberta

A new report by the Conference Board of Canada, commissioned by the Alberta government, warns that Ottawa's Emissions Reduction Plan (ERP) could lead to a deep recession in Alberta by 2030, with significant economic costs including an 11% decline in GDP and a $3,300 decrease in disposable income per person by 2050. The report highlights that Alberta would be disproportionately affected due to its reliance on the oil and gas sector, estimating a 4.1% decline in employment and a 9.3% drop in government revenues. Alberta's Minister of Environment criticized the federal government for imposing penalties without considering the economic implications for Canadians. As discussions around an independence referendum gain traction, a poll indicates that 37% of Albertans support independence from Canada, reflecting growing discontent with federal governance. This sentiment is echoed by Alberta Premier Danielle Smith, who asserts that the ERP could harm livelihoods while failing to meet emissions targets. The report's findings align with recent analyses warning of broader economic risks associated with federal emissions policies.