Business

Experts are bullish about the opportunities for wind and other marine renewables to power a boom in Canada's maritime economies, but urge immediate investment to quicken their growth.

The world's largest financial institutions remain among the leading investors in the fossil fuel sector, years after many vowed to reduce emissions through the Net Zero Banking Alliance — and their investments are scuttling any hope nations might have of meeting their Paris Agreement targets, report finds.

Everyone keeps saying this new pipeline was built to carry crude oil, but in actual fact, it carries something far more explosive and potentially hazardous: diluted bitumen from the landlocked Alberta oil sands.

An investigation into the boards of directors for Canada’s largest banks reveal that not only are the banks, themselves, deeply entrenched in fossil fuels — their leadership is, too.

To hit U.S. government targets for sustainable fuel use, the aviation industry would need to massively increase production — a behaviour that could cause further climate and societal issues, according to the Institute for Policy Studies.

Energy Transitions Commission chair Adair Turner sees “serious challenge” ahead for country as greater-than-expected oil and gas export revenue loss combines with high-price ramp up of carbon capture to meet national climate targets.

Since the Paris Agreement was signed in late 2015, RBC, Scotiabank, TD, BMO and CIBC have pumped approximately $1.2 trillion into fossil fuel companies like Enbridge, TC Energy and Trans Mountain.

The Ontario Green Party and environmental groups are calling for an investigation into Premier Doug Ford’s government’s decision to override an independent regulator to help Enbridge lock-in gas customers for decades to come.

Finance Canada is undermining sustainable investment with a multi-year effort to include fossil fuels in guidelines intended to help capital flow to clean alternatives, climate and finance experts say.

Companies that make plastic argue there is no need for caps, because alternatives to plastics are often more expensive and energy-intensive.

Extreme weather is contributing to a rise in insurance premiums, which can price out people in frequent fire and flood zones.

Up to 10 per cent of Canadians live in regions at too high a risk to insure for floods. Quebec has the highest number of addresses in the top 10 per cent of risk.

When her farm and kombucha brewery in Abbotsford flooded in 2021, Shoshauna Routley canoed away from her life’s work and home. While an insurance payout helped her rebuild Healthy Hooch, it didn’t cover her house.

Indigenous leaders, climate activists and their allies from across the continent descended on Toronto on Thursday in an attempt to hold RBC leadership accountable for the bank’s decision to finance increased oil and gas expansion at the expense of local communities.

Alleged environmental pollution, human rights violations and attempts to silence critics are detailed in a new complaint filed with a federal corporate watchdog against Canadian fossil fuel company ReconAfrica.