On the same day sparks ignited the fire that would devour Lytton, B.C., another story was setting #ClimateTwitter aflame. Lobbyists for the American oil giant ExxonMobil made an unintended confession, one that gets to the heart of the climate crisis and how we survive it.
There is no pathway to achieving Canada’s greenhouse gas reduction commitments that does not include retrofitting the country’s millions of residential and commercial buildings.
With the United States moving swiftly to fund credits for farmers who store carbon in their soil, there’s growing concern that the program may pay for carbon storage that is already happening—and give fossil companies and other major emitters a free pass to keep polluting.
Two of Canada’s biggest fossil companies say they’ll by looking for about C$50 billion in taxpayer subsidies to bring their net greenhouse gas emissions to zero by 2050.
Prospects have been battered by global competition, volatility, delays and cost overruns.
Once touted as an economic powerhouse, the liquified natural gas industry is on the rocks, according to a worldwide survey of LNG terminals from the Global Energy Monitor, a non-profit research group responding to climate change.
