Monday, August 17, 2026

Ottawa wants to send ‘market signal’ on Canada’s low-carbon future

From The Globe and Mail:

Growth in Canada’s greenhouse gas emissions stalled in 2014, but Environment Minister Catherine McKenna said on Tuesday that the country has an enormous task ahead to drive down emissions to meet international commitments.

Emissions in the oil and gas sector continued to climb, even as slumping prices began to take their toll on an industry that had doubled its production – and its annual GHG output – from 1990 to 2014, Environment Canada said in its latest greenhouse-gas report released this week.

At a parliamentary committee hearing on Tuesday, Ms. McKenna said the government remains committed to eliminating subsidies to the oil industry over the medium term in order to send a “market signal” that the country is moving to a lower-carbon future. She said she is working with the Finance Minister on how to proceed, although she added that there are differing views on what constitutes a subsidy.

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