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Energy & the Environment
Feds paid near top dollar for Trans Mountain pipeline, spending watchdog says
Canada's parliamentary budget watchdog says the Liberal government paid the "sticker price'' when it bought the Trans Mountain pipeline from Kinder Morgan for $4.4 billion.Parliamentary Budget Officer Yves Giroux estimates the Trans…
Halifax councillors join Vancouver in declaring climate emergency
Halifax has become the second Canadian city to declare a climate emergency.Council voted Tuesday to pass a mostly symbolic acknowledgment that climate change is a serious and urgent threat.The municipality is unlikely to receive…
SNC Lavalin mulls retreat from Saudi Arabia amid deepening diplomatic row
The head of SNC Lavalin Group Inc. says ongoing diplomatic tensions between Canada and Saudi Arabia are hurting the company's bottom line and forcing it to consider a possible retreat from the oil-rich state as SNC share prices plunged to a…
Liberals’ infrastructure program problems detailed in internal documents
A large number of small construction transit and water system projects funded through the first phase of the Liberal government's infrastructure program bogged down the approval process and delayed construction and spending, newly released…
‘Restore and rebuild Waterton:’ $21M from Ottawa for fire damaged national park
Ottawa is spending almost $21 million to help Waterton Lakes National Park in southwestern Alberta bounce back from a destructive wildfire that scorched nearly 40 per cent of it."This funding really is a kick-start to get some of that…
Alberta government to partially backstop new $2 billion bitumen upgrader
The Alberta government is providing a $440-million loan guarantee to help a Calgary-based company build a bitumen upgrader east of Edmonton.Value Creation Inc. says it's ready to break ground on the $2-billion upgrader that would…
Ontario premier defends carbon tax recession claims in wake of criticism
Premier Doug Ford doubled down Tuesday on his warning that a federal carbon tax will trigger a recession, lashing out at economists who said his claim was baseless.His defence via social media came after he faced criticism from experts…
OPG raises $500M in ‘green financing’ for planned hydroelectric acquisition
Ontario Power Generation (OPG) closed a second $500-million green bond issuance today with net proceeds primarily used to finance the recent acquisition of Eagle Creek Renewable Energy LLC, an operator of small waterpower facilities in the…
Tall timber towers taking root in Canada as builders look to go green
Six years ago architect Michael Green took the stage at a TED conference and called for an global era of wood-framed skyscrapers.Some were skeptical.“People really thought I was an idiot,” said Green in a recent interview.“I got…
Homeowners falling behind growing threat of climate related catastrophes: study
Canadians aren't keeping up with the need to protect their homes against catastrophic events made more common by climate change, says a coast-to-coast study from the University of Waterloo."Homeowners can do a lot themselves to reduce…