If Canada pays royalties to the contentious Bay du Nord oil development off the Newfoundland coast, it would be the first country in the world to do so.
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?
Fossil fuel gatekeepers also include the world’s largest private banks. Without their enormous investments, most of the world’s coal, oil and natural gas corporations would shrivel and die on the vine.
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.
Canada’s four main fossil fuel-producing provinces shelled out $4 billion in subsidies for the industry from April 2020 to the end of last year, a new report reveals.
Right now, many government policies work against Canada’s best climate, economic and social interests, and to fix this, a new report says we need to address the elephant in the room: fossil fuel subsidies.