All articles by Keith Stewart
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Safeguarding climate policy against bad faith attacks requires stronger action to address affordability concerns
To help Canadians through this difficult time, they must adopt policies that provide tangible and immediate support to address rising costs, while tackling the long-term dependency on fossil fuels that make us poorer and more vulnerable to energy price shocks and climate disasters.
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Free heat pumps to cool our overheated planet and politics
The Trudeau government is being attacked from all sides over its decision to remove the carbon tax from home heating oil. Fortunately, there is a way forward that addresses the affordability and climate crises: offer free heat pumps and insulation upgrades for anyone who wants them, paid for by a tax on excess oil company…
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Cross-party support for regulating banks so they are part of the climate solution
There is finally cross-party support for the federal government to stop bankers from pouring gasoline on the climate change-fueled bonfire.
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Wildfires and climate change burn their way into Alberta election campaign
Election campaigning is on hold in at least a half-dozen ridings in Alberta where wildfires are threatening homes and lives.
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Canadian banks fall further behind on climate change
Like toddlers refusing to put on their snowsuits, Canada’s Big 5 banks are falling further behind their global counterparts who are taking the first, halting steps toward aligning their financing…
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Five reasons to tax record-breaking oil sands profits
Canadian oil sands companies reported an unprecedented $34.7 billion in profits in 2022, more than double the $15.1 billion they made in 2021 (see table below). In the midst of…
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RBC is putting 99% of its energy finance into fossil fuels: Here’s what they should fund instead
RBC claims to be committed to climate action, yet Canada’s largest bank (and the fifth largest financier of fossil fuels in the world) is allocating a mere 1% of its…
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Canada to (mostly) stop subsidizing international fossil fuel projects
Canada has joined the growing ranks of nations promising to end international financing of fossil fuels (though there are some worrisome exceptions).
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How Canadian banks helped kill the UN’s net zero banking club
In a development worthy of its own true-crime podcast, the United Nations’ net zero banking alliance was murdered and Canadian banks’ fingerprints are all over the murder weapon.
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Canada’s big five banks increased support for fossil fuels by 70% in 2021
The 13th edition of the Banking on Climate Chaos report shows that RBC, Scotiabank, CIBC, TD, and Bank of Montreal all increased their financing of fossil fuels by a combined USD 54 billion in 2021, a 70% increase over 2020.