Canada Markets open in 8 hrs 14 mins

Why Trudeau has ‘lost a lot of credibility’ with young, climate-minded voters

Justin Trudeau is ahead of his rivals when it comes to policies to address climate change, according to Tom Rand, managing partner at ArcTern Ventures and author of the book Climate Capitalism. However, he says the Liberal leader’s credibility with younger and harder-line climate voters is challenged in large part by his government’s decision to purchase the Trans Mountain Pipeline.

“The reason the government bought that pipeline is because the private sector unloaded it. They didn't unload it just because of political risk,” Rand told Yahoo Finance Canada’s Editor’s Edition on Aug. 24. “They unloaded it because it's just simply not the great long term economic strategy to be building 50-year capex projects predicated on shipping some of the most expensive, highest-carbon oil on the planet to another port.”

Got a question for Tom Rand? Email Jeff.Lagerquist@yahoofinance.com and let him know what interests you in the world of clean energy and technology.

Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.

Download the Yahoo Finance app, available for Apple and Android.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting