The Output-Based Pricing System Proceeds Fund will support clean energy and industrial decarbonization projects in provinces where revenues were generated.

In mandate letters sent last week, Prime Minister Trudeau directed Finance Minister Chrystia Freeland and Environment Minister Steven Guilbeault to “work with provinces and territories to move toward mandatory climate-related financial disclosures based on the Task Force on Climate-related Financial Disclosures [TCFD] framework.”

Canadian Prime Minister Justin Trudeau unveiled his new cabinet Tuesday, naming Steven Guilbeault the new Minister of Environment and Climate Change. A longtime environmental activist, Guilbeault served for several years as spokesman for Greenpeace Quebec, and was co-founder and senior director of Quebec environmental non-profit Équiterre.

Canada will join a global initiative led by the United States and European Union to reduce methane emissions 30% from 2020 levels by 2030.

Canadian carbon pricing is complicated. Conservative Leader Erin O’Toole’s carbon pricing plan would only further complicate it while increasing the regulatory uncertainty around carbon pricing that’s so frustrating to industry.

It’s election season again in Canada. That means it’s time to evaluate our federal political parties’ proposed policies, including with respect to climate change and the environment. In this piece, we’ve summarized some of the key differences between each party’s climate plan to help readers evaluate which would be best for Canada.

Last week, Canada’s largest city endorsed the call for a fossil fuel non-proliferation treaty, and approved a new green building standard and net zero existing buildings strategy, both of which will put the city “on a solid path to a net zero future.”

Against the backdrop of an extreme heatwave in Western Canada unlike any seen before and clearly exacerbated by anthropogenic climate change, the Liberal government of Canada on Tuesday announced a 2035 phase out target for light-duty gas cars and passenger trucks, and saw its Canadian Net-Zero Emissions Accountability Act (Bill C-12) pass the Canadian Senate.

The draft regulations show the Department planning to manage a closely-monitored federal carbon offset marketplace that would allow participants to register greenhouse gas (GHG) emission reduction projects by submitting detailed applications verified by accredited third parties.

Canada’s federal ministry of the environment and climate change recently announced it will review Output-Based Pricing System (OBPS) regulations with an eye to increasing emission reductions, covering additional industrial activities, correcting current standards not aligned with activities performed by participating facilities, and improving efficiency.