On 11th December 2024, while replying to a question in Pakistan’s National Assembly, the federal finance minister admitted for the first time that since 2019, and while under an International Monetary Fund (IMF) programme, gas prices increased by a record 840% and electricity tariffs rose by over 110%.
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.
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.
