Twin Cities News

Adam Rose
Twin Cities News

Conservatives are gaining popularity in the Twin Cities of Newfoundland this week as Carney plans to coast on the former Prime Minister Justin Trudeau’s failed plan for Canadians.

Many business owners in St. John’s and Mount Pearl face further hardship under the federal Liberals’ plan to phase out oil and gas, and doing so would be disastrous to the province and could cause severe crippling of businesses within St. John’s and Mount Pearl – the provinces largest business sector.

Most voters are swaying towards conservatives in record-breaking numbers, provincially and nationwide.

Poilievre has promised safe change for Canadians. This change comes packaged with lowering taxes and funding more police organizations to restore safety in Canada.

Poilievre has promised to cut $55 billion in Liberal waste and try to reduce the national debt each Canadian owes—$90,000.

Under Carney, the Liberal economic plan would add $130 billion to the Canadian deficit, totalling a quarter of a trillion dollars in inflationary debt.

The additional debt will drive up the cost of food, fuel, and housing, causing tremendous economic suffering for all Canadians.

Canadian economist Trevor Tombe said Mark Carney’s platform is reckless and irresponsible.

Canadians in Newfoundland are already struggling because the irresponsible Liberal government has imposed tremendous debt on small business owners and working families.

“Carney imposes raising taxes and gives little tax relief to hard-working Canadians who simply can’t afford to pay more taxes,” said Poilievre.

Canadians could risk entering another depression not seen since the 1930s under the Liberal government.

Despite the environmental transition in energy production towards renewables and away from fossil fuels, oil and gas will remain essential energy sources. 

As of 2023, crude oil and natural gas reserves were estimated to have a present value of $230,791 million. Our recoverable bituminous coal reserves were valued at $200,141 million, while established crude bitumen reserves (oil sands) were $670,532 million. Therefore, the total present value of these three established resources is about $1.1 trillion.

New technology extends Canadian abilities to access resources and, therefore, more enormous proven reserves. Market prices are driven by demand and supply, which also change value over time.

Recoverable oil and gas energy reserves represent over one-third of Canada’s current GDP. 80 per cent of reserves in the ground hold significant potential income and wealth. Streamlining development could generate a substantial boost to Canada’s economic growth.