Oilsands companies' record profits and their CEOs' campaigns for corporate welfare raise an important question, writes columnist Max Fawcett: is it time for Canadian taxpayers to get a bigger piece of the action?
The recent federal budget added to the Canada Infrastructure Bank's plate by requiring it to now spend public dollars on private sector-led projects like small modular reactors, clean fuel production, and carbon capture and storage.
"I am of the opinion that the project, as currently proposed, would likely cause unacceptable environmental effects within federal jurisdiction," Environment and Climate Change Minister Steven Guilbeault wrote.
The global energy transition could create 170,000 jobs in Alberta and contribute $61 billion to the province's GDP by 2050, according to a new study released on Tuesday, December 7, 2021, by provincial economic development groups.
Australia’s prime minister on Wednesday, November 10, 2021, launched a billion Australian dollar ($738 million) investment fund to fast-track emerging low emissions technologies including carbon capture and storage as he bolsters his government’s green credentials ahead of elections due within months.
The production of steel, cement, and ammonia together emit about one-fifth of all human-caused CO2. Technologies are emerging that promise to decarbonize these problem industries, but analysts warn big challenges remain before the processes can be cleaned up.
The time is now for Canada to invest in retraining to help workers affected by the transition to a greener economy, former Bank of Canada and Bank of England governor Mark Carney said on Monday, September 13, 2021.
Shell Canada Ltd. has announced plans to build a large-scale carbon capture and storage project at its Scotford Complex near Edmonton, part of its strategy to become a net-zero emissions company by 2050.