EconomyLens.com
No Result
View All Result
Thursday, February 26, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Canada PM under fire for alleged climate U-turn

Natalie Fisher by Natalie Fisher
December 1, 2025
in Economy
Reading Time: 7 mins read
A A
1
52
SHARES
656
VIEWS
Share on FacebookShare on Twitter

Canadian Prime Minister Mark Carney. ©AFP

Montreal (AFP) – Critics accuse Canadian Prime Minister Mark Carney of betraying the fight against climate change. Others say he is facing reality and has no choice but to boost polluting sectors that are vital to an economy being punished by US President Donald Trump’s trade war. But there is no dispute that since replacing former prime minister Justin Trudeau in March, Carney has repositioned his Liberal Party on the environment.

Related

ECB books third straight annual loss

Bulgaria ski station becomes refuge for digital nomads

Scam centres ‘destroying’ Cambodia’s economy, PM tells AFP

Swiss-EU deals package to be signed next week

Germany’s Merz meets Xi in China, seeking closer ties

Immediately after taking office, Carney scrapped Trudeau’s unpopular carbon tax on individuals. He then launched a Major Projects Office to fast-track initiatives he said would strengthen Canada’s economic sovereignty, creating a bulwark against the impacts of Trump’s tariffs. Mining and natural gas projects — criticized by some environmental advocates — were among the early picks.

But the most dramatic development came on Thursday, when Carney struck a deal with the conservative-led energy-producing Alberta province to advance a new oil pipeline while increasing overall oil and gas production. “Canada and Alberta are striking a new partnership to build a stronger, more sustainable, and more independent Albertan and Canadian economy,” Carney said. “We will make Canada an energy superpower, drive down our emissions and diversify our export markets.”

The deal marked a clear pivot for Carney’s Liberal Party and a departure from the policies that defined Trudeau’s decade in power. Alberta Premier Danielle Smith, who loathed Trudeau’s policies, said this month that “the tone of federal government has done a 180 in the last year.” Steven Guilbeault, a member of Carney’s cabinet, who was also Trudeau’s environment minister, agreed. He resigned Thursday, hours after the pipeline deal was signed. Guilbeault said he entered politics “to champion the fight against climate change,” but that key green policies he implemented with Trudeau were being “dismantled” under Carney.

Carney, a former central banker, worked on climate issues before joining politics in January, but has emphasized market-driven solutions to environmental challenges. In 2019, he became a UN envoy focused on mobilizing public and private finance to help achieve the goals of the Paris Accords. He then joined the massive Canadian multinational firm Brookfield, steering private capital to aid climate action.

The Alberta pipeline plan is in its infancy and may never move forward. But Carney’s memorandum of understanding with Alberta to advance an initiative that involves piping bitumen to Canada’s northwest Pacific coast and building a massive port to accommodate oil tankers has drawn outrage. Carney said the plan could be a win-win. Increased oil exports to Asia would reduce Canada’s economic dependence on an unreliable United States, he said. And, he stressed, the deal requires oil companies to pay a steep industrial carbon tax, which could help fund cleaner energy sources, while the impact of rising emissions would be offset through carbon capture — a controversial technology.

Sierra Club Canada’s communications chief, Conor Curtis, told AFP there has been an “erosion of climate policy” under the new Liberal government. “A new oil pipeline is not necessary. We are in the middle of a global transition to renewable energy,” he said in an interview before Thursday’s signing.

Tim McMillan, the former president of the Canadian Association of Petroleum Producers, said Carney had no choice but to embrace the oil sector. “After 10 years of cancelled projects and lowering GDP per capita and standards of living in Canada, we’re at a point, especially with the US tariff threats, that Canada needs to look at our strengths,” McMillan told AFP. “Oil and gas are at the top of that list.”

Even Guilbeault, a prominent environmental activist before entering politics, acknowledged Carney was in a tough spot, conceding that Trump had triggered “profound disruptions” in Canada’s key economic relationship. “Despite this difficult economic context, I remain one of those for whom environmental issues must remain front and center,” he said.

© 2024 AFP

Tags: Canadaclimate changeenergy
Share21Tweet13Share4Pin5Send
Previous Post

Stocks rise in thin Thanksgiving trading

Next Post

Crowds, bargains greet US shoppers on ‘Black Friday’

Natalie Fisher

Natalie Fisher

Related Posts

Economy

Somaliland pins hopes on critical mineral gold rush

February 25, 2026
Economy

Starved of fuel, Cubans scramble to make ends meet

February 25, 2026
Economy

Crime capital no more: El Salvador tourism boosted by Bukele

February 24, 2026
Economy

Puerto Vallarta: the Mexican paradise in flames over the killing of ‘El Mencho’

February 24, 2026
Economy

US appeals WTO ruling in dispute by China over clean energy subsidies

February 24, 2026
Economy

US told EU it ‘stands’ by tariff deal: trade chief

February 24, 2026
Next Post

Crowds, bargains greet US shoppers on 'Black Friday'

Air travel disrupted over Airbus A320 software switch

Stocks rise in thin post-Thanksgiving trading

How successful has OPEC+'s oil output policy been in 2025?

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

81

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Stocks mixed as investors digest Nvidia earnings

February 26, 2026

ECB books third straight annual loss

February 26, 2026

Booming markets propel Hong Kong exchange’s profits to record high

February 26, 2026

Automaker Stellantis posts massive loss, pivots from EV

February 26, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.