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A new report by the Fraser Institute says Prime Minister Justin Trudeau’s carbon tax will undermine the competitiveness of key sectors of Canada’s economy and could trigger an exodus of jobs and industries to countries without similar schemes such as the United States.

Titled “the impact of the federal carbon tax on the competitiveness of Canadian industries” by Ross McKitrick, Elmira Aliakbari and Ashley Stedman, says this problem, known as “carbon leakage,” occurs because it increases the production costs of industries impacted by carbon pricing.

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The fiscally conservative think-tank says this will make them less competitive with similar industries in other countries with less stringent climate policies.

Rather than reducing their emissions in Canada, these industries could well relocate to those jurisdictions.

That would result in their greenhouse gas emissions linked to human-induced climate change increasing, with no benefit to the environment, because what matters is global emissions, not where they come from.