The Alberta government is being criticized for tardiness in fighting the Jasper fires. A public inquiry would be a learning experience. The Boreal won't stop burning...not by expanding oil & gas production....not without carbon restrictions.
Supply side management of an economy is coercive and does not necessarily yield the best results. The fastest route to climate redemption is to diminish the market for oil by promoting cheap EVs and letting the substitution effect crush the market for gas burning ICE vehicles.
This means dealing with the Chinese who engineer the best EVs on the planet — at the best price. The base BYD sells for $9,000 US and even the president acknowledges that these prices are not sustainable. Imagine BYD setting up manufacturing in Canada with a deal on aluminum.
It's conceivable they could sell a car for $20,000 CDN. Rooftop solar with sodium-ion home storage batteries will move the needle towards sustainably produced electricity.
It's also a means to rebalance global trade. John Maynard Keynes was the British representative to the Bretton Woods Conference in 1943 that was called to create a world trading order after the war.
He anticipated the problem of trade imbalances developing when self interested nations pursued a "beggar thy neighbour" policy, driving up their export surpluses while suppressing demand in their domestic economy. Count Germany and China.
One relief valve he proposed was for surplus countries to invest in their partners' economies. He also proposed the creation of an international currency he called the Bancor as another means of making adjustments to trade imbalances.
He was outvoted by the American contingent that insisted the U.S. be the reserve currency.
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