The Globe and Mail reports in its Thursday edition that more Canadian companies are planning for a low-carbon economy, but their enthusiasm for showcasing green achievements is fading due to regulatory concerns, according to a coalition of investors.
The Globe's Jeffrey Jones writes that Climate Engagement Canada's annual study found that nearly two-thirds of 40 major emitters now disclose energy-transition plans to meet emissions targets, an increase from just over half last year.
Six of those link decarbonization plans directly to how they will abate their main emissions sources -- double the number in the 2024 study.
CEC's focus list includes companies in oil and gas, utilities, mining, transport and consumer goods, as well as food, agriculture and other industrials, in which the members have investments.
Six of the companies say they will align their capital expenditure plans with emission-reduction targets. That is up from three last year and none in the first report in 2023. Those companies include Barrick Mining, Emera, Enbridge, Loblaw, Tourmaline Oil and West Fraser Timber, though all get partial marks. The study says two that met the grade last year, Canadian Pacific Kansas City and TransAlta, no longer do.
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