The National Post reports in its Wednesday edition that Prime Minister Mark Carney's government is moving to end the proposed oil and gas emissions cap and to cut rules targeting companies accused of greenwashing. The Post's Stephanie Taylor writes that meanwhile, the federal budget commits to strengthening the industrial carbon tax, working with provinces and enforcing it in jurisdictions that do not meet federal standards. Mr. Carney's give-and-take approach aims to cut emissions and attract private-sector investment, per his government's new "Climate Competitiveness Strategy." As part of his 2025-26 spending plan, Mr. Carney campaigned during the April federal election on a strategy to help industries reduce emissions and adopt clean technologies. U.S. President Donald Trump advocates for increased oil production, while the Carney government focuses on expanding clean technologies, emphasizing that global demand for Canadian resources, including oil and gas, now seeks lower-carbon products. Mr. Carney's strategy maintains tax credits for clean technologies like carbon capture and hydrogen, introduced by Justin Trudeau, while emphasizing the strengthening of the industrial carbon pricing system for large emitters.
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