In an era of decarbonization, the Canadian Association of Petroleum Producers appears to be losing its influence on federal policy. But that doesn't mean Big Oil is on the way out.
Subsidizing fossil fuels while committing to slash greenhouse gas emissions is like trying to push a boulder both up and down a mountain at the same time, so why can't Canada get a plan in place?
“It was always a disaster from a climate change perspective, but this is now an economic crime that has stolen $30 billion of public funds from real climate solutions," said Greenpeace Canada senior energy strategist Keith Stewart.
London-headquartered bank Barclays announced it will stop financing oilsands projects Wednesday in its annual report, marking another win for shareholder activists.
Environment and Climate Change Minister Steven Guilbeault is using the skills he honed in the trenches as an environmental activist to push climate policy. But will it be enough for the crisis at hand?
Oilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn't a place to invest that money yet.
Canada’s five largest banks all risk being kicked out of a United Nations net-zero banking club unless they can develop credible climate plans by next summer.