Earlier this year, the Canada Pension Plan Investment Board dropped its net-zero greenhouse gas emission commitment.
The board managing Canada’s largest pension fund has committed an estimated $7.1 billion to new oil, gas, coal and pipeline assets in the last year despite facing litigation for allegedly mismanaging climate related financial risks in its investment portfolio.
With the federal and Alberta governments touting an imminent deal on a new oil pipeline to British Columbia’s northwest coast, analysis released Thursday morning concludes that investors in Canadian oil and gas will face serious financial risk—and provincial revenues from the industry could fall 82%—as the global energy transition unfolds through the 2030s.
Why Trans Mountain wants to expand when the oil pipeline isn't even full
Pipeline is operating at about 80%, while tankers are only 70% full
A little more than one year after completing construction of the Trans Mountain expansion oil pipeline, the Crown corporation is pursuing two different methods to increase how much oil can be exported.
The move comes at a time when the pipeline still isn't operating at full capacity.
Canada Promises Climate Reparations at COP29 While Courting Big Oil at Home
With spotlight on politicians and their pledges in Baku, fossil fuel lobbyists are racking up private meetings with Trudeau’s government.
Steven Guilbeault came to the COP29 climate change negotiations in Azerbaijan ready to make what the federal Liberal government deemed a “major” announcement.
Greenhouse gas emissions from the coal, oil and gas that Canada exports to other countries surpassed a billion tonnes last year — more than double the country’s total emissions, according to newly uncovered federal data.
Natural Resources Canada tapped a fossil fuel lobby group to help provide recommendations on expanding the nascent hydrogen sector, documents obtained by Canada’s National Observer reveal.
You can have a scientifically rigorous diagnosis of climate change, together with a plethora of reasonable policies to tackle the problem, but if your program lacks a strong coalition and powerful political strategy, it will fail.
The company has removed dozens of documents referencing the technology from its website following passage of a new anti-greenwashing law.
Exxon’s Canadian subsidiary Imperial Oil has deleted from its website a document in which its CEO and chairman Brad Corson claims to investors that carbon capture and storage is “critical” to achieving the “climate goals outlined in the Paris Agreement.”
