Graph of the Week: Canada Becomes Temporary Net Electricity Importer Amid Shifting Energy Dynamics
In 2023, the long-standing pattern of Canada exporting significantly more electricity to the United States than it imports began to shift, and Canada became a net electricity importer for three months earlier this year. Exports fell as lower hydropower generation from drought conditions in Canada and lower natural gas prices in the United States made […] Scaling Up: The Promise and Perils of Canada’s Biofuels Strategy
Canada has great potential to produce biofuels to aid in the transition to a low-carbon economy, but developing the full potential requires using sustainable feedstocks and driving down production costs. Canada’s biofuels industry is evolving from first-generation fuel, made from sugar crops, starch crops (e.g., corn), oilseed crops (e.g., soybean, canola), and animal fats, […] Charles DeLand – Inhibiting Investment: Don’t Let the Oil and Gas Emissions Cap Limit Canada’s Prosperity
To: Energy and Natural Resources Minister Jonathan Wilkinson and Environment and Climate Change Minister Steven GuilbeaultFrom: Charles DeLandDate: November 12, 2024Re: Inhibiting Investment: Don’t Let the Oil and Gas Emissions Cap Limit Canada’s Prosperity Ottawa’s latest climate initiative – a cap on oil and gas emissions – is like bringing an excavator to plant flowers. […] Charles DeLand – Stop Playing Whac-A-Mole with the Oil and Gas Sector
Published in the Financial Post.
Ottawa’s latest climate initiative – a hard cap on oil and gas emissions – is like using an excavator to plant flowers. It’s unnecessary, expensive and likely to do more harm than good. With more than 70 federal climate policies already in place, adding yet another layer of regulation is clearly unnecessary. And this one poses serious risks to Canada’s economy.
Despite having already imposed several climate policies on the oil and gas sector, the government doggedly plans to implement yet another: a sector-specific cap-and-trade system in which a fixed maximum number of emissions will be traded. The goal is to reduce 2030 emissions down to 35 percent below 2019 levels and then align the…
Colin Busby – Bill C-59: Is Canada Setting Back Sustainable Investment Opportunities for Green Investors and Pension Funds?
From: Colin Busby To: Investment watchers Date: October 17, 2024 Re: Bill C-59: Is Canada Setting Back Sustainable Investment Opportunities for Green Investors and Pension Funds? Canadian policymakers aim to attract more investment, especially from large international and domestic pension funds. These investors pursue opportunities globally, and competition is fierce. They seek the best returns that consider various risks, […] Graph of the Week: Surging Canadian Energy Exports Fuel Trade Growth Post-2020
Graph of the Week is a new series from the C.D. Howe Institute’s Graphic Intelligence that presents valuable and easily digestible data. Each Monday we unveil one new captivating chart or graph with interesting insights, explaining it in two-to-three sentences. Dive into the data with us.Canada’s economy benefits from its significant trade in energy products, […] Eyquem, van Dijk and Stewart – A Clear and Overdue Path to Accounting for Natural Assets in Canada
From: Joanna Eyquem, Peter van Dijk and James K. StewartTo: Canadians Concerned about Recognizing and Valuing Natural AssetsDate: September 24, 2024Re: A Clear and Overdue Path to Accounting for Natural Assets in Canada Devastating wildfires and floods this year have highlighted the risks arising from the lack of public accountability for natural assets in Canada. […] Grant Bishop – We need repeal, or a provincial challenge, to hasty and overbroad new Competition Act greenwashing rule
From: Grant BishopTo: François-Philippe Champagne, Minister of Innovation, Science and Industry of Canada, cc: Matthew Boswell, Commissioner of Competition; Arif Virani, Minister of Justice and Attorney General of Canada; provincial attorneys generalDate: September 20, 2024Re: We need repeal, or a provincial challenge, to hasty and overbroad new Competition Act greenwashing rule Since the blowback to […] Don Drummond – Let’s Hope for Solid Hit from the PBO’s Third Swing at Carbon Tax Analysis
From: Don DrummondTo: Carbon tax watchersDate: September 18, 2024Re: Let’s Hope for Solid Hit from the PBO’s Third Swing at Carbon Tax Analysis The “corrected” analysis by the Parliamentary Budget Office of the carbon tax and rebates is due soon. One hopes it will get more things right in this third crack at evaluating the […] Jon Johnson – TC Energy Loses its Keystone XL Claim Against US
From: Jon Johnson To: Keystone Saga Watchers Date: September 12, 2024 Re: TC Energy Loses its Keystone XL Claim Against US The Keystone pipeline saga ended for TC Energy over the summer, when a World Bank tribunal issued its award finding for the US. The US had initiated a jurisdictional challenge in this proceeding based […] The Big Squeeze: Lessons from the Trans Mountain Pipeline about the Costs of Invisible Bottlenecks
Over the last decade invisible pipeline bottlenecks cost British Columbians big time – squeezing BC Lower Mainland residents by an estimated $1.5 billion per year prior to the completion of the Trans Mountain Pipeline Expansion. Glen Hodgson – The Lessons from the Jasper Wildfire
From: Glen Hodgson To: Canadian wildfire watchers Date: August 9, 2024 Re: The Lessons from the Jasper Wildfire Climate-related disasters including massive wildfires, severe flooding, and other extreme weather are hitting multiple regions of Canada. A few weeks ago, extreme rainfall and severe flooding disrupted life in Toronto and confirmed it isn’t ready for the extreme weather associated with […]