Canada’s export credit agency needs to clean up its act on climate: study … – National Observer

The study found EDC “unaligned” with the Paris Agreement, which strives to hold global warming to no more than 1.5 C, and gave the EDC the worst of four possible rankings. Since Prime Minister Justin Trudeau took office, EDC has increased investment in fossil fuels by 3.7 per cent from its annual average amount between […]

Should taxpayers be forced to foot the bill for oil and gas sector’s carbon capture plans …

If you follow Canadian climate politics, you might be feeling a sense of déjà vu. The federal government’s emission reduction plan, required under the Climate Change Accountability Act, is due by March 29 and will provide at least a ballpark estimate or range of expected reductions from the oil and gas sector out to 2030. […]

We need CO2 removal to save the planet, but tax subsidies aren’t the right way – National Observer

A large majority of CO2 emissions come from burning fossil fuels for energy that provides heat, electricity, and transportation. Reducing atmospheric CO2 concentrations below the level they are at today is vital to achieving climate stability, so removing CO2 from the atmosphere and permanently storing it is non-optional in the fight against climate change. Even […]

BoC to consider job market in inflation fighting decisions | Canada’s National Observer

The Bank of Canada’s key policy rate since the start of the pandemic has been at 0.25 per cent, lowered there to prod spending during the COVID-19 induced downturn and subsequent rebound. Changes in the Bank of Canada’s target for the overnight rate influence the prime rates at the country’s big banks that are used […]

Using a Nobel-winning stock market theory to save the reefs – National Observer

The study recommends targeting investment in conservation projects that have the “strongest potential to succeed” in protecting priority reefs. Prof. Hawthorne Beyer, a fellow at the University of Queensland researching the use of quantitative modelling in managing environmental systems, said: “Talk to people in the business world and they get it immediately. They used 174 […]

Fixing the world’s broken carbon offset markets | Canada’s National Observer: News & Analysis

In the wake of the Glasgow climate summit, governments must now return to the daunting challenge of making good on their emissions reductions pledges, which at this point remain insufficient to hold warming below 2 C or even 1.5 C above pre-industrial levels. That means some low-cost mitigation opportunities — such as replacing coal-fired power […]

The climate talks tokenize Indigenous peoples | Canada’s National Observer: News & Analysis

It’s a time when us environmentally concerned Natives consider packing our bags — including, more likely than not, some handcrafted items from our prized traditional regalia — and jetting off to whichever far-flung global city is hosting, feathers, beads and ancestors’ dreams in tow. As droughts intensify, seas rise, forests burn and turn to desert […]

Are natural solutions touted at UN climate summit a new form of colonialism? – National Observer

Nature-based solutions to tackle the climate crisis need to be tied to the land back movement, said Deranger, a member of the Athabasca Chipewyan First Nation. That means the return of territories to Indigenous people and full recognition of their sovereignty and rights to make all decisions concerning them. “We desperately need to save the […]

Green coalition challenges certification claims that Canada’s forestry products are sustainable

Under the CSA’s current certification regime, the logging of B.C. forests such as hotly contested regions of old-growth on southwest Vancouver Island would be deemed sustainable — including unprotected areas of the Fairy Creek watershed, the epicentre of activist logging blockades for close to a year. “You could call it a process standard, not a […]

Ford government seeks to deprioritize green energy

Under the current rules, Ontario’s electricity regulator, the Ontario Energy Board, must consider the promotion of renewable energy when it decides whether an electricity transmission project is in the public interest. In 2018, about 96 per cent of Ontario’s power came from zero-carbon sources. However, carbon emissions from Ontario’s energy sector are poised to triple […]