As Coastal GasLink prepares to drill under the Wedzin Kwa (Morice River), Wet’suwet’en hereditary leadership and their allies are saying the fight is reaching a flashpoint — and supporters across the country are on notice.
Deep under the choppy waters off Newfoundland and Labrador’s coast lies the key to the province's financial future: billions of barrels of oil it hopes will be extracted over the coming years.
"Fossil fuel subsidies are a roadblock to a more sustainable future," said the head of the International Energy Agency.
An analysis published this week found that government subsidies bolstering the production and consumption of coal, oil, and gas nearly doubled in 2021, even as climate scientists warned that fossil fuel development must be rapidly cut off if the international community is to have any hope of stopping runaway planetary warming.
Canada’s biggest fossil companies are lining up to dismiss the federal government’s new emissions cap for their sector as “very aggressive” and “almost unrealistic”, even as Environment Minister Steven Guilbeault hastens to offer them flexibility and an extended deadline to hit the long-awaited target.
Trans Mountain will not have to come up with an additional $1.1 billion to cover the cleanup cost of possible oil spills from its expansion project, the Canada Energy Regulator has decided.
