Prime Minister Justin Trudeau should convene an emergency meeting with the country’s premiers to discuss the federal carbon price, Conservative Pierre Poilievre wrote in a letter Tuesday. Poilievre circulated the letter following the $15-per-tonne increase to the consumer carbon price that kicked in on Monday. The scheduled increase added about 3.3 cents to the carbon … Read more
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank on Monday released its business outlook and consumer expectations surveys, which showed increased optimism as people expect interest rate cuts are nearing. Although firms … Read more
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
Nissan laid out plans for 30 new vehicles by 2026 — 16 of which will be electric as demand for the battery-powered vehicles has revved up in recent months. The Japanese automaker announced Monday that seven all-new models will be reserved for the US and Canada alone, though it wasn’t immediately clear how many of … Read more
Over the past few years, the EU has been at the forefront of the fight against climate change and pushing for sustainability across all its policies. As president of the European Commission, Ursula von der Leyen set the tone by presenting in her political guidelines for 2019-2024 the main pillar of the EU’s work during … Read more
The Biden administration on Wednesday slashed its target for U.S. electric vehicle adoption from 67 per cent by 2032 to as little as 35 per cent after industry and autoworker backlash in the political battleground state of Michigan. The Environmental Protection Agency (EPA) instead adopted a “technology neutral” regulatory scheme that allows automakers far more freedom … Read more
Indeed, the Moscow attack is reminiscent of the Islamic State attack in 2015 at the Bataclan theater in Paris, a killing spree that left 90 dead. Friday’s shooting rampage also bore similarities to the 2002 Nord Ost theater siege, when a group of Chechen gunmen and women occupied a packed theater in eastern Moscow and demanded an … Read more
The U.S. is concerned that targeting Russia’s energy facilities will impact the Kremlin’s oil production capacity and drive up global prices — ahead of a knife-edge presidential election where prices at the gas pump are bound to be a contentious topic. The sources also fear that these repeated strikes will provoke Russia into retaliating and … Read more
Zelenskyy used the attack to plead for more military aid from Ukraine’s allies. “There are no delays in Russian missiles, as in aid packages to our state,” he said. Shahed drones “do not have indecision, like some politicians. It is important to understand the cost of delays and delayed decisions,” Zelenskyy said. EU leaders at … Read more
Canada’s annual inflation rate cooled to 2.8 per cent in February, helped by slower growth in the cost of cellular services, groceries and internet access services, Statistics Canada said Tuesday. Economists had largely expected the rate to rise to 3.1 per cent and undo some of the year’s early progress. Rent and mortgage interest costs continued to be primary … Read more
