Commentary Canada’s economy may manage to escape going into a recession despite economists predicting it would over the last few months. Higher-than-expected growth in the national GDP in the first quarter of 2023 has dampened speculation of an economic contraction. This has led to speculation the Bank of Canada will be raising interest rates again…
Cory Morgan: Unrealistic Energy Sector Emissions Caps Will Kill the Canadian Economy’s Golden Goose
Enshrining COP15 Climate Targets in Legislation a ‘Next Step’ for Canada, Says Environment Minister
The federal government will look to enshrine in legislation certain “climate action” targets outlined at the U.N. Biodiversity Conference (COP15) held in Montreal, according to Climate Change and Environment Minister Steven Guilbeault, who called the future actions a “next step” for Canada. “I think the next step for many of our countries, including mine in Canada, is…
Oil and Gas Emissions Cap Coming to Canada by Next Year, Says Environment Minister
New climate regulations introducing a cap on greenhouse gas emissions (GHGs) from Canada’s oil and gas sector will be introduced by next year, says Environment and Climate Change Minister Steven Guilbeault. “We will have draft regulations maybe by the spring, at the latest in the first half of the year,” Guilbeault told The Canadian Press in an…
New Zealand Emissions Reduction Funding for Agriculture Paid by Other Sectors
May 18, 2022
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As part of the New Zealand government’s emissions reduction plan announcement for the 2022 budget, $710 million (US$450 million) has been promised to support the agriculture industry’s efforts to lower emissions, despite not contributing a cent to the funding pool. The agricultural industry is both New Zealand’s biggest export earner and the biggest contributor to…
Alberta to Fight ‘Catastrophic’ Federal Emissions Reduction Plan: Jason Kenney
Alberta Premier Jason Kenney says the federal government’s new carbon emissions reduction plan would have a “catastrophic” impact on the Canadian economy, and he pledged to fight against it. The 2030 Emissions Reduction Plan, introduced to the House of Commons on March 29 by Environment Minister Steven Guilbeault, suggests that Canada’s oil and gas industry will need…
The Red Flags With Canada’s Green Bonds
Ottawa’s first green bond, to mobilize private sector investment for Canada’s transition to net-zero by 2050, has a climate finance expert questioning how such financing will serve the country’s needs without raising red flags.
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