Energy

With courts challenging the feds' ability to enact sweeping climate legislation at the same time premiers are pushing back, PM Justin Trudeau is in a bind. A new report from the UN finds Canada has the widest gap between words and action, adding to the pressure to deliver real emissions reductions.

Each year, companies are invited to offer money to explore areas in the Atlantic Ocean for oil and gas deposits. But last week, the Canada-Newfoundland and Labrador Offshore Petroleum Board announced there were no new bids to explore the region in 2023. The lack of interest contrasts sharply with 2022, when over $238 million worth of exploration licences were awarded.

Conservative Leader Pierre Poilievre’s symbolic motion calling for more carbon tax carveouts was defeated, but this won’t end the polarizing debate that centres on equity.

The International Energy Agency says the transition to renewables is not a matter of "if" but a question of "how soon?" The implication is enormous for Canada's fossil fuel obsession.