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Canada’s 2030 emissions target is out of reach after progress stalled in 2024: report

OTTAWA — Canada’s short-term targets for reducing its emissions are now out of reach after emission levels remained unchanged last year, and recent federal policies have set back Canada’s progress, Canada’s leading climate policy research...

Tamarack Valley Energy selling non-core assets in eastern Alberta for $112 million

CALGARY — Tamarack Valley Energy Ltd. has signed a deal to sell a group of non-core assets in eastern Alberta to a private company for $112 million. The assets in the Veteran Consort and Eyehill areas produce approximately 4,000 barrels of oil equivalent per day or...

Energy adviser group decries ‘abrupt’ closure of Greener Homes Loan, warns of layoffs

A group representing the energy adviser profession says it’s deeply concerned about the sudden closure of applications for the federal Canada Greener Homes Loan program. Homeowners had been able to borrow up to $40,000 interest-free for certain renovations that...

Canadian banks’ fossil fuel funding nearly double compared with renewables: report

TORONTO — A new report says Canada’s big banks financed about US$145 billion in fossil fuel investments last year, compared with about US$75 billion to low-carbon energy. The report by energy transition research firm BloombergNEF focuses on the ratio of global...

Alberta changing industrial carbon tax program to recognize company investments

The Alberta government is changing its industrial carbon tax program to let companies avoid paying provincial fees for emissions by investing in their own emissions reduction projects instead. Premier Danielle Smith told reporters Tuesday that the move, likely to come...
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