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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Officials cast it as one major part of a process that also includes a phaseout of public financing for domestic fossil fuel projects through Crown agencies like Export Development Canada. Carbon Capture Backed by Carbon Offsets? Those guidelines are due to be released in 2024. A Trans Mountain Pipeline Bailout?

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” By contrast, the report makes no mention of risky and controversial attempts at solar radiation management (SRM) and leaves out any reliance on carbon offsets.