In punditry, as in politics, timing is everything. And when it comes to Joe Oliver’s recent column on the "green pain" that’s apparently being inflicted by the Trudeau government, the timing is about as bad as it gets. After all, just as the former Harper-era natural resources and finance minister was waxing poetic about "costly virtue-signalling and moral gestures," the Lower Mainland of British Columbia was getting shellacked by a storm that will almost certainly end up being the most expensive natural disaster in Canadian history.
As University of Calgary economist Trevor Tombe noted on Twitter, approximately $2 billion to $2.5 billion is traded between B.C. and the rest of Canada per week by road or rail, and that doesn’t include the direct damages associated with all of the bridges and roads that have been washed out by torrential rains and the flooding that ensued. "This is massive," he said.
These aren’t theoretical damages to future generations or people living in other parts of the world. They’re real costs that will be borne right here today, including by businesses and industry. And make no mistake: they’re a direct and irrefutable consequence of climate change.
To read more of this story first reported by Canada's National Observer, click here.
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