The federal government is banking on tax breaks for companies — to the tune of more than $80 billion — to usher Canada into a low-carbon economy, Tuesday’s budget announcements show.
Corporate tax breaks are the future of Canadian climate policy, according to the latest federal budget, which commits $80 billion over the next decade — of which $56 billion is new money — to subsidies for clean investments.
This Is Not a Repeat of the 2008 Financial Crisis, But It Is the Same Capitalist Rot
Since 2008, governments and central banks have been trying to prop up the banks through a combination of socialism for the banks, and austerity for everyone else. The result is what we see today.
Every systemic banking crisis has a trigger that sets it off. In the case of SVB, the reason for its bankruptcy is twofold.
If found to have breached competition law, companies could theoretically face a fine of $9 billion.
The Pathways Alliance of oilsands companies has blanketed the country with a false advertising campaign designed to influence government and manipulate public support for the industry with the highest carbon emissions in Canada, according to a complaint filed with the Competition Bureau on Thursday.
This story was originally published by The Guardian and appears here as part of the Climate Desk collaboration.
The continued global rise in sales of SUVs pushed their climate-heating emissions to almost one billion tonnes of carbon dioxide in 2022, according to the International Energy Agency.
