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

Corporate Knights

The policy won’t affect money that has already gone out the door or commitments that have already been signed, there is no published calculation of the future subsidies that will now be foregone, and the documents provide no cost figures for 129 non-tax measures that could be shifted as a result of this week's announcement.

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Pushback for Canada’s Transition Taxonomy

Chris Hall

Beauchemin is also Chair of the Responsible Investment Association (RIA). “We just need to get on with it,” he said, adding that the taxonomy is a living document that can be refined and updated over time.

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Energy Transition Accelerator

Chris Hall

And there are wider issues around the VCMs already in operation, such as credit pricing, third-party verification and reducing the risk of greenwashing. . While the ETA will offer a “fixed price” for corporates, there are concerns that too low a price could reduce the quality of the credits and expose the market to greenwashing risk. .