Canada’s largest banks are deeply entrenched in fossil fuels, having pumped at least $1.2 trillion into the sector since the Paris Agreement was signed in late 2015. But it’s not just their investments and lending that are increasingly under scrutiny –– it’s their leadership, too.
HOUSTON (Reuters) - Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed.
Chartered by Canadian oil producer Suncor Energy, the Marshall Islands-flagged vessel was expected to load about 550,000 barrels of Access Western Blend (AWB) for delivery to China, ship tracking data on Kpler showed.
Today Trans Mountain commenced operations on its new expanded oil pipeline system (TMX). It is a solemn day for us at West Coast Environmental Law, as we have been part of the massive social movement opposing this megaproject for more than 10 years, fighting for climate action, land and water protection, and Indigenous self-determination.
When we are confused about carbon taxes or other climate policies, we often turn to Google for help. Some of us Google Search for information on “climate payment” or “climate action incentive payment” or "carbon tax rebate." Others seek government sources by searching “Environment and Climate Change Canada” or “net zero.” A few use special operators for searches, like “filetype:pdf climate change,” to filter for climate reports in PDF format.
A majority of Canadians want Prime Minister Justin Trudeau’s government to implement a windfall tax on oil and gas companies’ profits, according to a new poll.
The findings from Leger come approximately one month before the federal government unveils its next budget. Before the budget is unveiled, environmental advocacy groups are urging Finance Minister Chrystia Freeland to respond to public support by taxing the record profits of the fossil fuel sector.
Warn anyone in the USA about the coming energy crisis and you’re likely to see eyes roll. “What energy crisis? That was half a century ago! Markets and technology won. Today we’re back among the top oil suppliers!”
All true, but the response gives a false sense of security that has policymakers and publics sleepwalking toward a cliff. An energy crisis is likely ahead, no matter our rank (currently third) among oil supplying nations. Seeing the coming crisis requires looking beneath the veneer of oil supply claims and asking some deeper questions.
A pair of new analyses from the Parliamentary Budget Office (PBO) finds the federal government intends to provide over $11 billion to companies investing in carbon capture and hydrogen technologies.
