The arbitrage takes place in the short term, not the medium or long term. Canada may decide to eliminate eco-tax measures in order not to hamper its competitiveness, but that will catch up with it at some point. The road not taken in the next three to five years will have to be taken. Talking is all very well, but the climate does not really care what we do or don't decide. Global warming is going to continue, and the costs of adapting and mitigating are going to continue rising. We can procrastinate and try to temporarily avoid problems or weaknesses when it comes to competitiveness, but it is only going to hit us harder later on.
On October 28th, 2024. See this statement in context.