Feds renew up to $300 million loan to Enbridge
A federal Crown corporation is extending a $200 to $300-million loan to Enbridge Inc. to support the company’s oil and gas expansion plans.
Export Development Canada
After promise to end subsidies, feds loan Coastal GasLink up to $200 million
Wet’suwet’en Hereditary Chief Namoks is accusing the federal government of violating Indigenous rights as it provides hundreds of millions of dollars to a controversial fossil fuel project snaking through the nation's unceded territory.
Loan for half a billion approved for LNG project in BC
Canada’s Crown corporation dedicated to helping industries export overseas, has confirmed that around half a billion dollars will be financed for a B.C. First Nation-led LNG project.
Canada needs to phase out tax breaks for fossil fuels
The federal government needs to think holistically about how we support fossil fuels through the tax system, direct government funding, and other financial aid.
Small businesses still hoping for pandemic loan forgiveness extension
As the deadline to repay pandemic loans and receive partial forgiveness approaches, small businesses are still hoping the federal government will reverse course and extend it for another year.
Canada ends government subsidies for oil and gas, with exceptions
Canada now has a set of guidelines to restrict federal subsidies to the fossil fuel sector, albeit with numerous exceptions.
Export Development Canada taps former oil and gas lobbyist to join climate advisory team
Export Development Canada is tapping a former Canadian Association of Petroleum Producers president to advise on sustainable investing.
What we do and don’t know about Chrystia Freeland’s Trans Mountain claims
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.
Canada and the IPCC report’s ‘atlas of human suffering’
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.
The urgent need to cap oil and gas sector emissions: Seth Klein’s testimony to the House of Commons Standing Committee on Natural Resources
"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.
Canada’s export credit agency needs to clean up its act on climate: study
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.
Trudeau signals all-hands-on-deck strategy for climate crisis
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’s financing of foreign fossil fuel projects to dry up in 2022
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.
Jonathan Wilkinson says Liberals are the best hope for a net-zero future
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.
Legal opinion singles out Canada
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.