Canada's big oil companies are making record profits this year and should be using some of that extra cash to invest in things that curb their greenhouse gas emissions, Environment Minister Steven Guilbeault said on Thursday, May 5, 2022.
Canada’s long-awaited plan to reduce greenhouse gas emissions is not aligned with the country’s fair share and contains problematic funding promises for the oil and gas industry, some politicians say.
Canada’s financial watchdog says the federal government is “very unlikely” to recoup its $4.5-billion investment in the Trans Mountain pipeline now that the project’s costs have soared by 70 per cent.
Canada must do its part to bring down planet-warming greenhouse gas emissions, but the country also needs to prepare for harsher consequences from climate change, the federal environment minister said Monday in the wake of a new United Nations report.
The NDP wants Canadians to have more time to weigh in on a proposed Metro Vancouver shipping terminal that Environment Canada scientists warn would have disastrous environmental impacts.
Most Canadians think clean energy is critical for Canada’s economy and its importance will only grow over time while the significance of oil and gas will recede, according to a poll released Thursday.
Ottawa’s clean fuel standard is being designed to help curb transportation sector emissions, but critics say the existing draft text will lock in years of fossil fuel use.