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.
The federal parties took the first full day of campaigning to lay planks in their plans to revive the country's economy after months of pain from the COVID-19 pandemic, and options for covering the costs.
While oil company executives may be able to fill their pockets right now, Alberta ought to use this last boom to repay the environmental debts their companies have racked up over the years, writes columnist Max Fawcett.
Hydrogen is being touted as a path to lower carbon pollution, but dozens of environmental groups are concerned Canada's new strategy relies too much on the fossil fuel industry.
“Canadian pension funds can’t credibly claim to understand the financial risks of the climate crisis at the same time that they're investing in the expansion of fossil fuel infrastructure,” says Shift: Action for Pension Wealth and Planet Health.
A U.S. environmental group is making a direct appeal to Canadians for help in persuading the Canada Pension Plan to end its investment in a Colorado-based oil and gas company.
Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.