The race for Liberal party leadership is on. Former finance minister Chrystia Freeland has announced that if elected Prime Minister, she will get rid of the consumer carbon tax. Former Bank of Canada and Bank of England governor Mark Carney has been cagier about the issue, but may also do the same.
B.C. terminals key to the U.S. gas industry’s battle against renewable energy
Wall Street investment firms are betting on LNG projects in Canada as part of the “Unleashing American Energy” strategy, unveiled this week by President Donald Trump.
“We will drill, baby drill,” Trump declared to a standing ovation at his inauguration ceremony, signaling the MAGA movement’s plan to flood world markets with North American oil and gas.
Ignoring warnings about rising energy bills, B.C. and U.S. plan more gas exports
Incoming U.S. president Donald Trump promises a dramatic expansion of the LNG industry starting next week. And British Columbia is going along for the ride.
“I will approve the export terminals on my very first day back,” Trump said at a rally last year. Meanwhile B.C. Premier David Eby is following the same path on LNG, throwing his government’s support behind new gas projects.
Canada’s insurance sector is raising alarms about the potential for the country to become “uninsurable” by 2035 due to insufficient policy action on escalating climate disasters. Meanwhile, a former California insurance official has criticized the industry for underwriting the very fossil fuel projects that worsen the climate crisis.
Pension funds are gambling with Canadians’ retirement savings by placing multi-billion dollar bets on hydrogen's ability to rescue old, polluting gas pipelines from terminal decline, according to a climate finance advocacy organization.
The Pathways Alliance’s proposed carbon capture and storage megaproject has not begun construction or even received approval, and yet its business model is already collapsing, according to a global think tank.
