Did you know our government spends money subsidizing fossil fuel energy to keep prices artificially low? A new International Monetary Fund study uncovers just how much these subsidies are and urges our governments to stop these market distortion practices. I calculate the real price we pay for fossil fuel energy and the results are astonishing.
“If Congress won’t act soon to protect future generations, I will,” says Obama in his 2013 State of the Union address which devoted a substantial portion on climate change. Direction is set for more oil and gas drilling, but also more funding for electric cars and efficient buildings. See the Globe and Mail’s reaction, watch the video excerpt and read the text transcript.
Carbon Disclosure Project releases its Canada 2011 report today at the Toronto Stock Exchange. More Canadian companies than ever publicly report their greenhouse gas emissions. Contrary to the common belief that going green slows growth, businesses who take the lead into a low carbon economy delivered twice the financial return compared to their peers.
Environment Minister Peter Kent sets the tone of Canada’s carbon policy for the next four years in his first interview after the federal election that resulted in a Conservative majority. Instead of cap-and-trade or carbon tax regime, Canada will introduce sector based regulations, starting with the transportation, coal, and oilsands sectors.