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Canada finding 'solutions' on EU carbon tariff threat: Carney
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.
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Canada facing carbon tariff threat from European Union: internal documents
Source: CBC Politics
Date: 2026-10-28 08:00:00.0
Tags: [National, Quebec, Newfoundland and Labrador, Trade, Economy, Environment]Internal Global Affairs Canada documents reveal that Canadian iron, steel, and aluminum exports face imminent carbon tariffs under the European Union's Carbon Border Adjustment Mechanism (CBAM), as Canada's national carbon price of $95 per tonne is not linked to the EU's $134 per tonne system. The incoming import levy exposes approximately $2.8 billion worth of Canadian goods annually, hitting the provinces of Newfoundland and Labrador and Quebec particularly hard with $885 million and $792 million in exposed exports, respectively. Global Affairs Canada estimates that Canadian exporters will face substantial administrative and compliance costs, with experts warning that EU carbon tariffs could eventually add up to $150 per tonne of steel by 2034. Canadian diplomats continue to engage with the European Commission during the Canada-EU Summit in Montreal to seek exemptions or recognition for domestic industrial carbon pricing systems.
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'Ideal outcome,' minister says as Yukon's Eagle gold mine set to be sold for $140M
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-22 20:34:22.0
Tags: [National, Mining, Resources, Environment, Economy]Singapore-based Boroo Pte. Ltd. has signed an agreement with the mine's receiver, PricewaterhouseCoopers, to acquire the troubled Eagle gold mine in central Yukon for $140 million and committed to spending $1.5 billion to restart operations and perform cleanup work. The transaction follows a disastrous heap leach facility failure at the site owned by Victoria Gold Corp. in 2024 that spilled toxic cyanide into the environment and triggered intensive remediation efforts partially funded by a $220 million loan from the Yukon government. Subject to court approval expected by the end of the year, Boroo will pay $40 million in upfront cash, take over all remediation and site stabilization work from 2027 to 2029, and fully repay the territorial government for its emergency cleanup expenses.
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Effort to restart Con Mine discussed at Yellowknife town hall
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-22 16:17:16.0
Tags: [National, Mining, Resources, Environment, Economy]Gold Terra Resource Corp. CEO Gerald Panneton hosted a town hall in Yellowknife to discuss aggressive timelines for restarting gold mining operations at the historic Con Mine site, driven by gold prices exceeding $4,000 USD per ounce. The company aims to secure a permit by 2027, followed by 12 to 16 months of construction, targeting a production threshold of 1 million ounces to support a mine life exceeding 20 years. Public concerns raised at the event focused on localized impacts, including energy consumption via liquefied natural gas, workforce housing, arsenic pollution legacy risks, and exploratory drilling at Tin Can Hill and Walsh Lake.
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Carney, Ford to announce funding for clean auto investments: source
Source: CBC Politics
Date: 2026-10-21 13:59:35.0
Tags: [National, Ontario, Economy, Trade, Industry, Environment]Prime Minister Mark Carney and Ontario Premier Doug Ford are scheduled to unveil a joint support package on Parliament Hill to assist Canadian auto companies making clean investments. The announcement comes in response to ongoing U.S.-Canada trade tensions—including U.S. tariff threats of up to 50 percent on cars, trucks, auto parts, and steel taking effect January 1, 2027—and addresses Canada's greenhouse gas standards following the U.S. Trump administration's rollback of federal fuel economy standards. Federal industry and finance ministers are expected to join the premier and prime minister for the announcement.
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New Liberal major projects bill clears first vote, heads to special committee
Source: CBC Politics
Date: 2026-10-08 21:51:34.0
Tags: [National, Economy, Infrastructure, Energy, Environment, Labour]Bill C-39, the Building Canada Strong Act proposed by Prime Minister Mark Carney's government, has cleared its first vote in the House of Commons and been sent to an 11-member special committee. The 243-page omnibus bill aims to fast-track major infrastructure and energy projects across Canada by mandating a single review process completed within one year. The legislation faces significant pushback from opposition parties, environmental groups, the Canadian Labour Congress, and First Nations communities—including the Cold Lake First Nations and Teme Augama Anishinabek nation—over concerns regarding weakened environmental protections, Indigenous consultation, treaty rights, and restrictions on the right to strike under the Canada Labour Code.
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LNG Canada expansion gets go-ahead, as Carney set to highlight 'historic investment' in Canadian energy
Source: CBC Politics
Date: 2026-09-29 11:13:02.0
Tags: [National, British Columbia, Energy, Environment, Resources, Economy]Shell Canada Energy confirmed a final investment decision to move forward with the multibillion-dollar LNG Canada Phase 2 expansion in Kitimat, British Columbia. The expansion project involves a joint venture including Shell Canada Energy, Petronas, PetroChina, Mitsubishi Corporation, and Korea Gas Corp. The development is projected to roughly double the production and export capacity of liquefied natural gas from 14 million to 28 million tonnes annually. Prime Minister Mark Carney highlighted the development as a historic investment in Canada's energy sector, though environmentalists and critics raised concerns regarding increased natural gas extraction emissions, fracking-induced earthquakes, and climate impacts.
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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.
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The ins and outs of the Yukon's biggest proposed mine
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-09-23 12:00:00.0
Tags: [National, Mining, Resources, Environment, Indigenous, Economy]Western Copper and Gold and the Casino Mining Corporation are proposing the Casino mine project in the Yukon, located between Carmacks and Dawson City, with an estimated 27-year lifespan to extract approximately 4.27 billion pounds of copper, 346 million pounds of molybdenum, alongside gold and silver deposits. The project is projected to create up to 1,400 construction jobs, 700 operational jobs, and contribute roughly $1.3 billion annually to the Yukon economy while generating 25 of the 34 critical minerals designated by Ottawa. However, the project faces major regulatory scrutiny, undergoing its first-ever panel review by the Yukon Environmental and Socio-Economic Assessment Board (YESAB) due to concerns from First Nations and conservation groups over impacts on the Klaza caribou herd, fish, wildlife habitats across five First Nation territories, and risks associated with tailings dams and heap leaching.
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