Almost all debate about taxes and climate change has focused on carbon pricing, eclipsing an uncomfortable truth: Canada’s tax system is undermining our ability to move quickly on the transition to clean energy.
"The Middle East and Russia often attract the most attention in relation to future oil and gas production but the US, Canada and Australia are among the countries with the biggest expansion plans and the highest number of carbon bombs. The US, Canada and Australia also give some of the world’s biggest subsidies for fossil fuels per capita."
The federal government, which halted new public funding for the pipeline, insists the transaction is not a change of course.
OTTAWA, Ont. — Trudeau Cabinet ministers recently approved a special C$10 billion loan guarantee to entice investment in the government-owned Trans Mountain pipeline expansion project.
Canada is ignoring the condemnations of a United Nations human rights committee urging a halt to construction of the Trans Mountain and Coastal GasLink pipelines.
The investment tax credit unveiled by the federal government earlier this month isn't enough to convince Canada's major oilsands producers to begin construction on a proposed massive carbon capture and storage transportation line, the chief executive of Cenovus Energy Inc. said Wednesday.
Cutting emissions from Canada’s oil sands by 40 per cent will cost between $45-billion and $65-billion from 2024 through 2030, according to a new analysis.
While the new report from Royal Bank of Canada found that Canada’s oil and gas sector can indeed balance near-term energy security with advancing climate action, the sector will need regulatory certainty and support at all levels of government to do so.
Ministers responsible for energy and environment refer First Nations’ concerns to industry, feds.
The province has approved a fossil fuel storage and shipping facility on B.C.’s north coast despite opposition from First Nations and the potential for “significant” adverse effects in the event of a spill.
The Ministry of Environment and Climate Change announced the decision last week to grant an environmental assessment certificate to Vopak Development Canada Inc., a subsidiary of the Netherlands-based Royal Vopak.
