• 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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• Critics slam Newfoundland, Quebec power agreement as MLA leaves party

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-14 21:06:40.0
  Tags: [Newfoundland and Labrador, Quebec, National, Energy, Infrastructure, Governance]

  The Newfoundland and Labrador legislature opened a four-day debate on a tentative 50-year framework agreement with Hydro-Québec concerning Churchill Falls energy, valued at over $50 billion with $10 billion in federal financing from Prime Minister Mark Carney's government. The proposed energy arrangement involves divvy-ing up power from the 5,428-megawatt Churchill Falls generating station and developing a new 2,700-megawatt generating station at Gull Island on the Churchill River, targeting an estimated return of $49 billion for Newfoundland and Labrador. Amid heavy public protests outside the Confederation Building and criticism over abandoning a promised referendum, Progressive Conservative MLA Keith Russell left the governing caucus to sit as an Independent for his Labrador district.

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