oil and gas

"The stakes are high: billions of dollars at issue, with Trans Mountain's (costs) having more than quintupled since 2017 — and its costs are still growing by billions, seemingly unchecked," the oil companies stated in a motion filed with the Canada Energy Regulator earlier this week.

The federal government needs to think holistically about how we support fossil fuels through the tax system, direct government funding, and other financial aid.

COP28 has finally delivered a breakthrough commitment for a new Loss and Damage Fund to support the countries most impacted by climate change. But billions are needed if the fund is to serve its purpose and make a real difference.