Alberta's public pension manager has lost millions after investing in smaller energy companies at a time when the entire sector is in decline, an analysis has found.
Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world's oil and gas industry will likely spend less on renewable energy going forward.
"We're not the problem. We can throw all our car keys in Halifax harbour, turn down the heat, turn off the lights, walk around naked in the dark eating organic beets and it won't make a difference."
- Peter MacKay, Conservative Party leadership hopeful, February 2020 as reported by CBC
Canada's politicians have to listen to one another to address economic rifts that could hinder national unity, Nova Scotia's premier says, as he adds his voice to calls for changes to the federal government's fiscal stabilization program.