Energy

Canadian banks can drop their fossil fuel investments and the economy will survive, says Carbon Tracker founder Mark Campanale, an expert in getting the financial sector on the path to a climate-safe future.

Business leaders from the United States and Canada are again wading into the fray over Line 5, accusing the state of Michigan of dragging its heels to ensure the controversial cross-border pipeline remains in a state of legal limbo even as both countries contend with a looming energy crisis.

The global energy crisis sparked by Russia's invasion of Ukraine is repressurizing North America's pipeline debate — and Canada's natural resources minister says it offers one more compelling reason for Michigan to abandon its crusade against Line 5.

Natural Resources Minister Jonathan Wilkinson says it will be another week or two before Canada will know with certainty how much extra oil it can produce and ship to help offset bans on the use of fossil fuels from Russia.

If the Coastal GasLink pipeline is completed, 16 First Nations in B.C. will have a combined 10 per cent ownership stake in the project.

Energy giant Shell said on Tuesday, March 8, 2022, that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine.

Canadian politicians and lobbyists are using the crisis in Ukraine to advocate for more fossil fuel expansion in a move of “crass opportunism,” said Green Party parliamentary leader Elizabeth May.

RBC has a goal to lend $500 billion worth of "sustainable financing" by 2025. Now the bank is urging shareholders to reject a proposal that would stop it from including fossil fuel companies in that target.

IEA says the reduction could help wean consumers off fuel that Russia is using as a weapon in Ukraine war.

Canada’s financial watchdog says the federal government is “very unlikely” to recoup its $4.5-billion investment in the Trans Mountain pipeline now that the project’s costs have soared by 70 per cent.

Canadian banks, insurance companies and asset managers have pumped millions into Russian-owned oil and gas companies that have flowed into the petrostate’s war chest.

As Russia’s invasion of Ukraine raises questions about global energy security, Canada’s environment minister is blasting Alberta Premier Jason Kenney’s assertion Canada must “get some pipelines built” to help “defang” Russian President Vladimir Putin.

Ditching fossil fuels is a key part of tackling climate change and keeping our planet fit for human life, but Bay Street and Big Oil are standing in the way. Here's everything you need to know.

The Intergovernmental Panel on Climate Change is warning of “unavoidable multiple climate hazards” over the next two decades in a clear recognition society is entering an era of irreversible breakdown without immediate action.

The continent has grown over-reliant on Russian gas — but Putin knows he is vulnerable to Europe cleaning up its energy sector.