Finance Canada has helped Trans Mountain secure $10 billion in new financing to complete construction of the controversial pipeline by promising investors that if the Crown corporation can’t pay back the loans, the public will.
The Intergovernmental Panel on Climate Change is warning of “unavoidable multiple climate hazards” over the next two decades in a clear recognition society is entering an era of irreversible breakdown without immediate action.
"We pride ourselves on being climate leaders, yet we have been highly resistant to tackling our role as global producers of fossil fuels," writes Seth Klein.
If Canada wants to be a credible climate leader, it needs to align its export credit agency with the Paris Agreement goals immediately, says a new report from a leading international think tank.
The cabinet ministers’ mandate letters published last week hint at a whole-of-government approach to tackling the climate crisis, but the devil will be in the details, many environmentalists say.
Canada may be able to climb down from its perch of being the worst among the G20 for international support for fossil fuels after signing on to a key energy financing plan at COP26.
Canada’s National Observer asked federal Liberal Environment and Climate Change Minister Jonathan Wilkinson about critical issues in the upcoming election, and how his party would respond to the climate crisis.
Governments must take steps to stop their export credit agencies from providing financial help to oil and gas projects worldwide, say a University of Cambridge professor and an environmental law expert barrister.
