CEO pay in the oil and gas sector has soared with the industry’s post-pandemic resurgence and will likely increase even more with the completion of the Trans Mountain pipeline expansion this year, a new report projects. The report released Wednesday by the Bedford Consulting Group looked at C-Suite salaries, bonuses and other forms of executive … Read more
Canada’s forestry sector is responsible for far more greenhouse gas emissions than show up in official tallies, potentially leading to policies that aren’t in line with the country’s climate goals, a new study suggests. The peer-reviewed study, published in the academic journal Frontiers in Forests and Global Change, found that annual greenhouse gas emissions attributable … Read more
With the COP28 climate summit now in the rearview mirror, some researchers say the moment is here when coal consumption in power plants around the world will finally peak before beginning a perpetual fall. For more than a century, coal has been used to produce electricity, and to this day remains the workhorse of the global power … Read more
Our planet is changing. So is our journalism. This weekly newsletter is part of a CBC News initiative entitled “Our Changing Planet” to show and explain the effects of climate change. Keep up with the latest news on our Climate and Environment page. Sign up here to get this newsletter in your inbox every Thursday. This week: Electric … Read more
Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the rental company, which also operates vehicles from Swedish EV maker Polestar among others, fell about four per cent. Tesla’s stock was down about … Read more
Flavio Volpe, head of the Automotive Parts Manufacturers’ Association, believes the recent electric vehicle targets set out by Canada’s environment minister also carried this pointed message to Canada’s domestic auto industry: “Let them eat cake.” Volpe says he has come to this conclusion because he believes those goals, which include a national target of 100 per cent zero-emission vehicle sales by 2035, cannot be … Read more
After a year of record-breaking wildfires across Canada and the hottest temperature ever recorded on Earth, it likely comes as no surprise that 2023 was the hottest year on record. According to the European Union’s Copernicus Climate Change Service (C3S), 2023 was 1.48 C warmer than the pre-industrial average from 1850–1900, beating out 2016’s record … Read more
Air Canada notched the worst on-time performance among 10 large airlines in North America in 2023, according to a new report. The country’s biggest carrier landed 63 per cent of its flights on time last year, placing it last among the continent’s 10 largest airlines, according to Cirium, an aviation analytics firm. That means roughly 140,000 planes … Read more
Warehouse stores in Canada aren’t just selling large quantities of toilet paper these days — gold bars and coins and other precious metals are moving out of the realm of banking and jewellers and into their aisles. With gold hitting record-high prices in recent weeks, the metal’s popularity has been reflected at retailers, too. According to Costco’s chief financial officer, … Read more
The New York Times is suing OpenAI and Microsoft, accusing them of using millions of the newspaper’s articles without permission to help train artificial intelligence (AI) technologies. The Times said it is the first major U.S. media organization to sue OpenAI and Microsoft, which created ChatGPT and other AI platforms, over copyright issues. “Defendants seek … Read more
