Budget 2024

Tax and spend fiscal plan will inhibit growth

When the Business Council of Canada officially endorsed the concept of a national price on carbon in 2007, it was a “tough sell”, says John Dillon, the Council’s Senior Vice President, Policy and Corporate Counsel.

At the time, the federal government and many private sector leaders were concerned that carbon pricing would erode Canada’s ability to compete internationally. “In 2007 there weren’t many countries anywhere talking about carbon price or any meaningful climate policy. There was a worry that a price on carbon could impact our competitiveness.”

Dillon has been working on energy and climate policy for three decades. In that time he has seen many changes. 

In conversation with Goldy Hyder on the Speaking of Business podcast, Dillon reflects on what he has learned, why Canada’s business leaders have embraced the fight against climate change, and what the country must do it meets its net-zero goals.

For more information on the business case for emissions reductions, check out the Business Council of Canada’s report Clean Growth 3.0: Achieving Canadian Prosperity in a Net Zero World.