Canada’s long-awaited plan to end public financing for international fossil fuel projects is here at last and, despite some loopholes, represents a major milestone, environmental groups say.
To impress upon policymakers and the public the need to simultaneously balance short- and medium-term climate priorities, we need a more powerful narrative.
Oil and gas companies that pushed the federal government for more funding for carbon capture technology will be sorely disappointed by the fall economic statement.
As environmental groups urge the federal government to move quickly with an aggressive cap on emissions from the country's oil and gas sector, the industry itself says such a move could actually slow down the sector's own decarbonization efforts.
The First Nations Climate Initiative released its new climate action plan, which calls for increased carbon offsets and trading and expanding renewables but stops short of calling for an end to fossil fuels.
The technology, put forward as part of the U.K.’s net-zero strategy, could extend the life of fossil fuel infrastructure, according to the Institute for Energy Economics and Financial Analysis.
The federal government said it would provide up to $56 million to the University of Toronto to help it retrofit some of its dozens of old and energy-inefficient buildings in downtown Toronto.