When energy policy goes bad: National Energy Program’s failure offers clues to why new climate-change laws could fail too

You have to go back to the 1980s, to the days of the National Energy Program (NEP), to find a precedent for the bold government intrusion in Canada’s energy economy that we are seeing today. Like then, political leaders are driving radical — some would say reckless — change in response to perceived global threats. Market forces are expected to adapt or get out of the way. Taxpayers, consumers and shareholders are forced to pay. Dissenting voices are dismissed.

Read More