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Smoke from wildfires in Alberta blankets Calgary
News Climate ChangeInsurance

Emissions from wildfires hit record high as climate change drives fire threat

May 19, 2023 The Canadian Press

OTTAWA – Emissions from wildfires hit a new record in 2021 as the blazes that raged in Western Canada and Ontario produced more greenhouse gases than the oil and gas sector and heavy industry combined. Canada’s forests are relied on

Aerial photo of Alberta oilsands
News Climate ChangeInsuranceMarkets / Coverages

Oilsands emissions could be underestimated by current measuring methods, study says

April 24, 2023 Bob Weber - THE CANADIAN PRESS

New federal research suggests greenhouse gas emissions from the Alberta oilsands may be significantly underestimated, adding to a growing pile of studies that say our understanding of what is going into the atmosphere is incomplete. In a paper published last

Silhouette of the Power plant in Kiev.
News CatastrophesClimate ChangeInsuranceRisk

How the P&C industry can step up after the UN’s latest climate change warning

March 20, 2023 by Alyssa DiSabatino

The world keeps inching toward a dangerous climate threshold, but if swift action on greenhouse gas (GHG) reductions are taken in all sectors, including insurance, it’s possible to avert catastrophic warming, a new report said.   There may be more

Smoke from the factory chimney
News InsuranceMarkets / Coverages

Canada won’t back call to ‘phase down’ oil and gas production

November 18, 2022 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Canada won’t agree to add language calling for the phaseout of all fossil fuels – including oil and gas – to the final agreement at this year’s United Nations climate talks in Egypt, Environment Minister Steven Guilbeault said

A pumpjack on the prairie
News Climate ChangeCommercial LinesInsuranceMarkets / Coverages

Methane emissions underestimated, a growing number of reports suggest

November 16, 2022 Bob Weber - THE CANADIAN PRESS

As the federal government moves to tighten regulations on methane emissions, new assessments suggest the amount of the potent greenhouse gas escaping into the atmosphere has been significantly underestimated. A recent survey of oil and gas facilities in Canada found

Smoke stacks from a factory releasing emissions
News Insurance

Federal government emissions dropping but reporting incomplete, audit concludes

May 3, 2022 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Direct greenhouse gas emissions from federal departments are down almost 41 per cent in the last 17 years, hitting a target for 2025 well ahead of schedule. But in an audit of Ottawa’s “greening government” strategy, environment commissioner

Boreal forest fire in Banff, Alberta
News Insurance

Curbing Canadian forest fires could be an affordable way to cut emissions: study

April 28, 2022 Hina Alam - THE CANADIAN PRESS

Better wildfire management in Canadian and Alaskan forests could offer a cost-effective way to limit greenhouse gas emissions, a new study says. Research published in the journal Science Advances on Wednesday found wildfires in North American boreal forests could represent

Prime Minister Justin Trudeau delivering the keynote address at the GLOBE Forum in Vancouver
News Insurance

Oil and gas sector emissions need to be cut two-fifths by 2030, new climate plan says

March 30, 2022 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Prime Minister Justin Trudeau told the Canadian oil industry Tuesday that it should use the massive bump in profits from the current surge in prices to fund a transition to cut their emissions. The federal government unveiled an

News Insurance

Canada considers tougher greenhouse gas rules for shipping

November 23, 2021 Bob Weber - THE CANADIAN PRESS

Canada is considering an international proposal that would double the ambition of its greenhouse gas emissions targets from shipping – a plan observers say the country seems ready to support. A committee of the International Maritime Organization, which sets the

News Insurance

B.C.’s climate change plan aims for changes by 2030 for consumers, industry

October 26, 2021 The Canadian Press

VICTORIA – British Columbia has introduced a plan to reach its legislated target to reduce greenhouse gas emissions by 2030 with initiatives like slashing the number of kilometres driven by 25 per cent compared with last year and boosting the

Zero emission vehicle
News Insurance

At least 70% of vehicle sales must be zero-emission to achieve Ottawa’s emissions plan: report

July 22, 2021 The Canadian Press

OTTAWA – The C.D. Howe Institute says 70 to 75 per cent of Canadian passenger auto sales will have to be zero-emission vehicles by 2030 in order to achieve the federal government’s emissions targets.   The think tank says about 7.7

News Climate ChangeInsuranceLegislation / RegulationMarkets / Coverages

Nova Scotia sets the stage for its cap and trade regime, with targets to come

October 2, 2017 Keith Doucette - THE CANADIAN PRESS

HALIFAX – Nova Scotia tabled legislation Friday that sets the stage for its promised cap and trade regime, although specific details on the regulations and the effect on consumers are yet to be known. Premier Stephen McNeil’s Liberal government opted