Ryan Turnbull on Carbon Pricing

Mr. Speaker, Conservatives consistently use the carbon price as a scapegoat for global inflation in this House. I think they are having trouble grasping the concept of magnitude. The Bank of Canada governor recently said carbon pricing contributed 0.15% to inflation, which is equivalent to 15¢ on a $100 grocery bill. The European Central Bank said climate change contributes as much as 3% to the cost of food per year, which is three dollars on a $100 grocery bill. That means climate change has 20 times the influence on food prices than the carbon price. If Conservatives were serious about fighting global inflation, they would have a plan to fight climate change.