‘That would be a death knell for our climate targets,’ says climate advocate.
Oil sands producers plan to spend billions of dollars on emissions-reducing technologies so that they can boost production and sell more of their climate-warming products overseas, an industry lobby group explained to Canada’s federal government on multiple occasions.
Feb. 18, 2023 marked the one-year anniversary of Trans Mountain’s last construction cost update, when the price tag of the expansion project (TMX) ballooned to $21.4 billion — nearly triple the cost projected when Canada bought the embattled pipeline in 2018.
'Feels pretty good': Oil and gas investment in Canada to hit $40 billion in 2023, CAPP says
Up 11 per cent from last year, but still well off levels in 2014 when oil prices last boomed
CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country’s largest fossil fuel industry group said Wednesday.
PRINCE GEORGE, BC - February 28, 2023: A dozen Wet’suwet’en land defenders and supporters have applied to the Supreme Court of British Columbia to have criminal contempt charges stayed in light of widespread Charter violations stemming from police misconduct.
Canada’s greenhouse gas emissions rose 2.8% in 2021, and fossil fuels accounted for more than half of the total, according to an “early estimate” released today by the Canadian Climate Institute (CCI).
The Institute’s analysis shows emissions continuing to “decouple” from GDP, so that each unit of economic activity produces less climate pollution. But the country’s total greenhouse gas output increased by 19 million tonnes, to a total of 691 megatonnes, in a year when the economy was just beginning to restart after the COVID-19 pandemic.
