Canadian prime minster Mark Carney is not the climate guy you thought | Seth Klein
Summary
Canadian Prime Minister Mark Carney has shifted away from strong climate action despite his past work on climate finance and warnings about climate risks. His government has delayed or weakened multiple climate policies and is supporting new fossil fuel projects and subsidies.Key Facts
- Mark Carney, once known for his climate warnings as Bank of England governor and UN envoy, is now Canada’s prime minister.
- Carney’s government eliminated Canada’s consumer carbon price, a tool to reduce emissions by charging households for pollution.
- New climate rules have been weakened or delayed, including methane limits and clean electricity targets moved from 2035 to 2050.
- Plans to cap oil and gas emissions and enforce zero-emission vehicle mandates have been scrapped or weakened.
- Carney supports building new fossil fuel infrastructure, including pipelines and LNG (liquefied natural gas) facilities.
- Environmental laws are being relaxed for projects labeled as “nation-building.”
- Tax credits and subsidies have increased for carbon capture technology and oil extraction projects that use captured carbon to get more oil.
- A new sovereign wealth fund will likely invest public money to help pay for fossil fuel projects, contrasting with Norway’s fund which focuses on sustainability.
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