Global concentrations of carbon dioxide, methane and nitrous oxide climbed to unseen levels in 2023, underlining climate crisis
The levels of the three most important heat-trapping gases in the atmosphere reached new record highs again last year, US scientists have confirmed, underlining the escalating challenge posed by the climate crisis.
The B.C. government is trying to sugar-coat bad climate news with good after making back-to-back fossil fuel announcements last week, environmental groups say.
On Thursday, B.C. pledged to roll out a “backstop” regulatory emissions plan in 2026 in case the federal government’s proposed oil and gas emissions cap isn’t implemented, is scrapped or doesn’t meet provincial reduction targets.
"The science is clear: No new oil and gas fields, or the planet gets pushed past what it can handle," said one analyst.
Fossil fuel-producing countries late last year pledged to "transition away from fossil fuels," but a report on new energy projects shows that with the United States leading the way in continuing to extract oil and gas, governments' true views on renewable energy is closer to a statement by a Saudi oil executive Amin Nasser earlier this month.
The federal government provided at least $18.5 billion to the fossil fuel and petrochemical industries last year, according to a new report by Environmental Defence.
The largest single subsidy was to Trans Mountain, which benefited from $8 billion in loan guarantees to try to get its nearly completed $35-billion pipeline expansion project to the finish line.
