Ottawa and industry at odds over financial risk of carbon capture technology

Ottawa and industry at odds over financial risk of carbon capture technology

The question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the technology’s adoption in Canada. It has been half a year since privately held Entropy Inc. inked a deal with the federal government that saw Ottawa agree to underwrite much of the risk … Read more

Canada is still backing the fossil fuel industry with billions, report finds

Canada is still backing the fossil fuel industry with billions, report finds

A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit certain types of subsidies for the oil and gas industry. The analysis, released today by the advocacy group Environmental Defence, estimated that Ottawa offered up at least $18.6 … Read more