With the federal and Alberta governments touting an imminent deal on a new oil pipeline to British Columbia’s northwest coast, analysis released Thursday morning concludes that investors in Canadian oil and gas will face serious financial risk—and provincial revenues from the industry could fall 82%—as the global energy transition unfolds through the 2030s.
The federal budget survived another critical confidence vote, but the timing is preventing Canadian officials from participating in key international climate negotiations now going down to the wire in Brazil.
MPs must be in Canada to vote electronically, so Environment and Climate Change Minister Julie Dabrusin and Minister of Canadian Identity and Culture Steven Guilbeault, effectively the country’s nature minister, flew back from COP30 last Friday to cast their votes in favour of the federal budget.
The federal government is open to helping First Nations buy into the Ksi Lisims LNG export terminal or its related infrastructure as opposition to the projects grows.
Prime Minister Mark Carney’s first budget did not deliver new investments on climate or clean tech. In fact, some experts say it takes a step backwards.
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