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Industry optimism rising to pre-pandemic levels, CAPP energy symposium hears
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Industry optimism rising to pre-pandemic levels, CAPP energy symposium hears
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Industry optimism rising to pre-pandemic levels, CAPP energy symposium hears - Business News
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Op-ed: Canada’s banks play defence for the fossil fuel industry
Canada s Big 5 banks have pumped more than $700 billion in the fossil fuel industry since the Paris climate agreement in 2015 By Jesse Firempong
Photo credit: Stephanie Lake for Greenpeace.
With seconds left on the clock, Canada will need a buzzer-beating shot to beat climate change. This is the playoffs, baby.
A win seems perfectly lined up: climate change is now a decisive voter issue and the federal government has promised a green and equitable post-pandemic recovery. Most of us want to see renewable energy prioritized over fossil fuels.
But some of Canada’s biggest business leaders keep running interference. Among them is a roster of VIPs, banks and Canada’s Chamber of Commerce.
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MONTREAL Quebec’s natural-gas utility wants its clients to buy less of what it sells. A lot less.
Since 1957, Énergir has reliably delivered natural gas to homes and businesses throughout its network, which today counts just over 11,000 kilometres of pipe and 205,000 clients in the province. And yet the company, which has over $8 billion in assets, is aiming to sell 70 per cent less of its product to the homes and buildings on its network by 2037, and hopes to be out of the excavated-natural-gas game completely by 2050. The reason: natural gas long sold as the go-to clean, environmentally friendly fuel is fast becoming a dirty word.