Canada's Hopes for an Environmentally Friendly Federal Leadership Now Rest with Justin Trudeau

The federal Liberals officially named 41 year old Justin Trudeau as their new leader on Sunday April 14, 2013.  The ruling Conservatives are telling Canadians that they have to make a choice between the economy and the environment, Trudeau believes this is a false choice.

Justin believes that the Conservative doctrine of forcing Canadians to choose between the economy and the environment is reckless and dangerous.

As he explains in his website, "Instead, it is increasingly obvious that a healthy economy is dependent on a healthy environment, and the two will thrive resiliently if we engage in responsible actions based on long-term thinking."

Justin won the support of about 80 per cent of Liberals who gave him an overwhelming first-ballot victory, 45 years to the month after his father took the same position. Justin is the eldest son of former Canadian Prime Minister Pierre E. Trudeau.

Republicans Oppose the PTC but Support Oil Subsidies

It is not surprising that many Republicans who oppose the Production Tax Credit (PTC) for renewable energy, support fossil fuel subsidies. Although the PTC was extended through 2013, some Republicans have vowed to continue their push to kill it. Conservatives are well known for their love of free markets and distrust of government subsidies, unless of course it involves fossil fuels. Some Republicans in Congress have made it clear that they will seek amendments that erode the PTC.

Republicans including the 2012 presidential nominee Mitt Romney, wanted to let the PTC expire. Romney and other Republicans who oppose the PTC say it costs too much and props up businesses with government subsidies.

Romney spokesman Ryan Williams said in an email that Romney "believes the government should stop playing venture capitalist and doling out open-ended subsidies, and instead encourage private sector innovation and market competition.” This is part of the same conservative philosophy that advocates for unbridled free markets and supports deregulation.

A Condensed History of the Production Tax Credit (PTC)

After 20 years and many extensions, the federal Production Tax Credit (PTC) expired at the end of 2012, but then miraculously it was once again resurrected in an eleventh hour addendum to the fiscal cliff deal. On Jan. 1, 2013, the final vote of the 112th Congress secured the extension of the PTC. Although 60+ tax provisions were due to expire the last minute deal granted the PTC a stay of execution.

In the final hours of the fiscal cliff negotiations, a provision in the American Taxpayer Relief Act (P.L. 112-240) added a $12 billion, one year extension of the PTC. The $12 billion figure ($12.1 billion to be exact) was estimated by the Congressional Joint Committee on Taxation. Just before 2 A.M. on New Year’s Day 2013, the Senate overwhelming voted in favor of the deal (89-8).

President Obama's 2013 Budget Seeks to Increase EV Tax Credits

President Obama's proposed budget seeks to increase tax credits for electric vehicles (EVs). According to the President's proposed budget, EV incentives would increase from $7,500 to $10,000 beginning in fiscal 2013.