Economy
Their declaration comes just five weeks before more environmental regulations and taxes come into effect, as dictated by Trudeau’s climate czar – the CN Tower scaler himself – Environment Minister Steven Guilbeault.
The Clean Fuel Regulations and yet another carbon tax increase are set for July 1, which P.E.I Premier Dennis King said will cost citizens 17 cents extra per litre for home heating fuel.
“Consumers here have been hit hard with inflation and we can’t take any more cost at the pump, and to have a double whammy like this will impact our economy,” King said.
“And that’s going to be difficult for Islanders and for Atlantic Candians to absorb,” he added.
King further said that, on top of inflation hitting Atlantic provinces hard, “we don’t have a whole lot of options in terms of we have one major refinery that produces most of the fuel that we use for the region.”
The Atlantic Premiers met with climate change Minister Guilbeault virtually on Wednesday. They also expressed worry that the regulations would impact the cost of imported goods, and fuel prices and supplies.
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Read MoreTalk about biting the hand that feeds.
Norway’s sovereign wealth fund — the world’s largest — is set to support climate resolutions at the shareholders meetings of Exxon and Chevron even as its state oil company expands oil and gas exploration in what climate activists describe as giving “the middle finger” to the Paris Accord.
Government Pension Fund Global — the Norwegian equivalent of the CPP — told London’s Financial Times, it will support resolutions to introduce Scope 3 emissions targets at AGMs in Irving, TX and San Ramon, CA next week.
It comes even as the Norwegian energy ministry announced this month it would step up oil exploration in the Barents Sea to improve Europe’s energy security in the wake of Russia’s invasion of Ukraine. Last year the country overtook Russia to become the EUs largest supplier of oil and gas.
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Read MoreFossil gas, marketed as “natural gas” and its liquefied form used for long-distance maritime transport, “liquefied natural gas” (LNG), have been proposed as a middle ground between more carbon-intensive fossil fuels and renewable energy.
This report covers the science on the climate impacts of gas, the necessary reductions in gas supply and demand under the Paris Agreement and how this disqualifies Canadian LNG as a climate solution. Possible incremental reductions in global GHG emissions resulting from Canadian LNG are not enough to be part of a Paris-aligned energy transition. Canadian energy would be better directed at promoting a direct transition to renewable energy at home and abroad.
Exporting B.C. LNG makes the climate crisis worse, not better. It’s time for the province to pull the plug on any further LNG expansion and to cease providing public financing, infrastructure support or preferential treatment for the sector.
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Read MoreAmerican clothing company the North Face put out an ad featuring drag queen Pattie Gonia to celebrate Pride Month.
“We are here to invite you to come out,” said Gonia in a Wednesday video.
“In nature with us!”
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Read MoreTarget is donating to an activist leftist group which focuses on injecting the LGBT agenda into schools, the company recently confirmed.
Target has fallen under continued criticism over the past several weeks due to its overt promotion of woke gender ideology and the LGBT agenda, despite the fact those who identify as such make up a small percentage of the U.S. population. Regardless, Target has openly embraced what society has deemed “pride” month — taking place in June — with flashy pride-themed displays prominently displayed at the front of stores, some of which have since been moved to the back due to backlash.
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Read MoreBritish author and political commentator Douglas Murray told Fox News that Target is trying to avoid a ‘Bud Light moment’ amid the backlash from their PRIDE collection.
“The Bud’s share prices fell 25 per cent in one week, so of course Target want to avoid anything like that,” Mr Murray said.
These comments have come in response to Target Corporation losing 9 billion USD in market value since various social media users have called for a boycott over its “PRIDE collection” featuring LGBTQI+ clothing for children.
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Read MoreIllustration: Aïda Amer/Axios
California’s state senate on Thursday overwhelmingly approved a ban on fossil fuel investments by the pension funds representing state employees and state teachers.
Why it matters: CalPERS and CalSTRS are the country’s two largest state pension systems, with around $768 billion in combined assets under management.
Details: The bill blocks CalPERS and CalSTRS from investing in the 200 largest, publicly traded fossil fuel companies.
It also requires eventual divestment of existing positions, although there’s some fiduciary flexibility written into the legislative language.
The bill still must be approved by the state assembly and signed into law by Gov. Gavin Newsome. Bill proponents appear confident that both will happen.
Behind the scenes: The boards of both pensions had opposed the bill.
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Read MoreRetirees are typically better off today than they were 40 years ago, Statistics Canada figures showed yesterday. The latest data follow research suggesting the current generation of retirees is the wealthiest in history.
“After-tax family incomes of retirees have generally increased,” said a StatsCan report A Cross-Cohort Comparison Of Economic Well-Being During Retirement Years. “Someone 60 years of age in 2008 would have had a different experience than someone 60 years of age in 1990,” it added.
Findings were based on tracking of incomes for retirement-age Canadians at intervals in the period from 1984 to 2008. “For example, women aged 65 to 67 in 1995 had a median income of $38,200,” wrote researchers. “By 2019 women 65 to 67 had a median income of $48,900. A similar pattern holds for men with the only difference being higher income levels.”
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Read MorePoilievre endorses Smith, slams Notley Poilievre tells Albertans Notley would decimate the economy and do whatever Trudeau wants.
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Read MoreMajor crimes are up 20 percent in Toronto compared to 2022. TTC stabbings, sex crimes, break-ins, and a drug crisis have shocked city residents. Non-partisan think tank Cardus released a new research brief to help councillors and the city’s next mayor find the funds to address these priorities: Better Choices for Toronto: Finding Money in Open Tendering for Safety and Mental Health.
Cardus’s research brief outlines how Toronto could save $347 million by reducing its infrastructure construction costs, even while maintaining its current pace of construction. Those savings would be enough to cover the costs of four major steps to building a safer city:
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