Canadian Prime Minister Mark Carney is making a strong push to reach a trade agreement with U.S. President Donald Trump by July 21. However, Trump's signing of the "One Big Beautiful Bill Act" bill last Friday (July 4) aims to stifle future clean energy development in the U.S., marking the end of collaborative efforts between the two countries in addressing the climate crisis and directly impacting Canada's environmental and energy policies.
The "Big and Beautiful" act, championed by Trump, includes significant cuts to clean energy infrastructure development and the elimination of tax incentives for electric vehicles, which will hinder environmental and energy advancement in North America over the next decade. University of British Columbia professor Hoberg, an expert in climate and energy policy, stated that the bill disrupts the progress made by the U.S. and Canada in strengthening climate policies and transitioning to clean energy.
Energy experts warn that the termination of environmental tax incentives established during former President Biden's administration will have severe consequences, potentially leading to the loss of over one million construction jobs in the U.S. The Canadian construction industry is also expected to be negatively affected, potentially jeopardizing 1.75 million jobs in that sector.
Environmental energy analysts indicate that numerous solar and wind projects anticipated to begin in North America within the next year may now be stalled due to the "Big and Beautiful" act. Critics have accused Trump of favoring the oil, coal, and natural gas industries, which could ultimately exacerbate the U.S. climate crisis. The bill's removal of tax breaks for new and used electric vehicle buyers not only dampens American interest in purchasing electric vehicles but also impacts Canadian automakers' production of electric cars.
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