Canada finding 'solutions' on EU carbon tariff threat: Carney

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Source: CBC Politics
Date: 2026-10-30 21:41:25.0
Tags: [National, Trade, Economy, Environment, Climate, Industry]

Prime Minister Mark Carney announced progress at the Canada-EU summit in Montreal regarding the European Union's pending carbon border adjustment mechanism (CBAM), which threatens an estimated $2.8 billion in annual Canadian energy-intensive exports like iron ore, steel, aluminum, and cement. Canada's ambassador-designate to the EU, Jonathan Wilkinson, confirmed that diplomatic negotiations are advancing toward having the European Union officially recognize Canada's national and industrial carbon pricing systems. Full implementation of the EU tariff is scheduled for 2034, with compliance reporting requirements slated to take effect by September or October 2027.

Carney to co-host UN event with European Commission chief von der Leyen

Source: Global News Politics
Date: 2026-09-23 12:24:25.0
Tags: [National, Trade, Economy, Environment, Climate, Governance]

Prime Minister Mark Carney is co-hosting the OceanEye International Alliance event at the United Nations General Assembly alongside European Commission President Ursula von der Leyen to foster data-sharing and collaboration on ocean observation. The engagement follows European Commission proposals for Canada to attain associate member status, coming amid fractured trade negotiations between Canada and the United States under President Donald Trump. The summit marks Carney's first diplomatic visit to the United States since bilateral trade discussions broke down the previous month.