Long week- the Climate Changed

And Arod has already hit a home run. Yippee. It is almost golfing time.

So, I was at an interesting session this morning. A group of people responsible for about 90 percent of Canada's emissions meets twice a month. They drink blood and dance around a totem.

Anyway, the discussion turned to "border adjustments" - a form of tariff/equivalency that could be applied to Canadian products that would enter the US (or other jurisdictions) and vice-versa. The focus of the discussion was basically - If the US administration wants to screw with Canada, they will. If they inadvertently screw with Canada, there is little we can do about it. If they inadvertently vertently (yes, read it again) screw with Canada, there is even less we can do about it. Basically, the cost of climate change regulations around the world is going to be the next non-tariff barrier if anything is ever developed in the US.

The irony - which I *LOVE* today - is that if Canada had a carbon tax, we think that it would be covered by the international tax treaties. The basis of the treaties is that you can't be taxed twice for the same profit.

But, an adjustment to compensate Canadian industries who have to pay for regulation costs domestically, would not enjoy the same protection.

Oh Stephane, you were so far ahead of your time.