Beijing has high hopes for the new Trudeau government.

Both the Trudeau Liberals in Ottawa and the Wynne Government at Queen's Park in Toronto have been making noises of late on the subject of Basic Income. The last Ontario Budget, in fact, declared an intention to carry out a pilot project in a community still to be announced. While no clear details are yet available, it is very likely that we will soon be dealing with a practical initiative that we will have to respond to. We will have to consider how we view the possibility of the Liberals moving in the direction of a Basic Income system.

The oil sands are downsizing. Alberta's Big Oil CEOs are talking to environmentalists. And proposed oil pipelines are in serious trouble.

Those were the takeaways from a trio of experts who spoke in Vancouver Wednesday at a "Carbon Talks" event hosted by Simon Fraser University with the David Suzuki Foundation and the Centre for International Governance.

And the reasons for them have a lot less to do with vocal activist opposition or the Trudeau government's climate commitments than they do with the brute forces of the global marketplace for oil.

Photo courtesy of Josh Berson/SHARE 

Oil at the first phase of separation from the sand is seen at the Suncor tar sands processing plant near Fort McMurray, Alberta, in this Sept. 17, 2014 file photo.
(Todd Korol/Reuters)

Oil sands producers may have collectively breathed a sigh of relief on Prime Minister Justin Trudeau’s recent failure to get the premiers signing on to a national price for carbon emissions. However, domestic measures to reduce carbon emissions are the least of oil sands producers’ concerns when it comes to how actions to mitigate climate change will challenge their industry’s survival.

So much for the suburban answer to high house prices in the city.

Costly homes in Toronto have driven so many buyers to the suburbs that bidding wars are becoming common and prices are soaring. But that's only part of the affordability challenge of moving outside the urban centre.

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Commuting, whether by car or public transportation, is also an issue.