CLIMATE WEEK — The timing of a pair of big-name conferences this week on climate policy and "sustainable finance" is a little awkward. For three days, Prime Minister JUSTIN TRUDEAU's stunning climbdown will likely be the elephant in the room. And if it's not, it should be. A carbon tax carve-out largely for maritimers forced to pick between warming their homes with heating oil and paying their bills hit a brick wall of punditry, even among Liberals. Trudeau called the shift a "double down" on climate policy. His critics on the center and left saw it as the opposite — the beginning of the end for a carbon tax that might've justified Alberta's constant claim that Ottawa cares less about that province. As for his critics on the right? Saskatchewan Premier SCOTT MOE has threatened to order the provincial gas utility SaskEnergy to stop collecting the carbon tax as of next January. Unless, of course, Ottawa carves out a tax exemption for Saskatchewanians who heat their homes, too. "The carbon tax is now effectively dead," economist TREVOR TOMBE wrote on X after Moe's announcement. “And the federal government killed it in the dumbest way possible." — Enter the Liberal thinkers: Time to talk more about bold policy for the future. This morning, Canada2020 convenes the day-long Fall 2023 Net-Zero Leadership Summit at the Westin Hotel. Tomorrow, the two-day Sustainable Finance Forum gets underway next door at the Shaw Centre. CATHERINE MCKENNA, a key defender of the "pan-Canadian approach to pricing carbon pollution" that has driven Liberal climate policy for years — aka the carbon price/tax — will attend both confabs. So will MARK CARNEY, a perpetually potential Liberal candidate who delivers keynotes these days like it's his day job. Both arrive at their sessions with asterisks beside their names. McKenna, chair of a U.N. High-Level Expert Group on Net-Zero Commitments of Non-State Entities who left government in part to focus on climate policy, is scheduled to talk today about "what Canada needs to win in the clean economy future," and tomorrow plans to lay out the "cost of inaction." Carney, U.N. special envoy for climate action and finance, kicks off the conference with "opening comments" about "Canada’s net-zero leadership opportunity." He'll join McKenna's cost of inaction panel. — Unofficially, though: The double-whammy of climate and sustainability chatter can't pass by without at least a few pointed conversations on the margins about the state of the Liberal climate plan — and the latest batch of fed-prov fights on the file. Will you be on this week's summitry circuit? Tell us what you're hearing . — Relevant reading: Here was McKenna's extended take on Heating-oil Pause Day: "As a competition lawyer I find it particularly galling that politicians blame a revenue neutral carbon price for high costs rather than actually addressing the fact that we have monopolies or near monopolies in so many key sectors from grocery to banking to telecoms to airlines. "And don't get me started on the fact that while people are hurting bc they are paying more for oil & gas to heat their homes, oil & gas companies make record profits, return them to shareholders, then demand that taxpayers pay to clean up their pollution — and governments do it. "Politics is bonkers. We have real problems. We have real solutions. I know hard things are hard but how about politicians match problems with solutions & be straight up about why certain action was needed. As Chrétien advised me: "Canadians are reasonable. Be reasonable." — More relevant reading: Substacker PAUL WELLS on Trudeau's shocker backtrack on carbon tax home heating: “He learned early that his preferred policies could be hard to sell.” — Also on the Canada2020 agenda: ANNE MCLELLAN, LISA RAITT, SONYA SAVAGE, MEGAN LESLIE, MARK CAMERON, SEAMUS O'REGAN. — Also on the Sustainable Finance agenda: RYAN TURNBULL, FRANÇOIS-PHILIPPE CHAMPAGNE, STEVEN GUILBEAULT, HARJIT SAJJAN, ROSA GALVEZ, RATNA OMIDVAR, KATHARINE HAYHOE, ANITA ANAND, JEAN-YVES DUCLOS, JENNA SUDDS, RECHIE VALDEZ, SEAN FRASER, MIKE MOFFATT. — On the agenda at both: JONATHAN WILKINSON, MARC-ANDRÉ BLANCHARD — Not on the agenda (yet): Trudeau, who attended the first sustainable finance summit last November and is no stranger to the Liberal-heavy Canada2020 crowd.
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