analysis

Prime Minister Mark Carney is deprioritizing climate targets in favour of finding economic advantage in the global energy transition.

The “climate competitiveness strategy” embedded in the federal budget embraces many of the financial incentives for green investments put in place by former prime minister Justin Trudeau, scraps others – and does little to answer the regulatory questions hovering over Canada’s energy sector.

Tonally, it makes good on expectations that Prime Minister Mark Carney is deprioritizing climate targets – none of which, including Ottawa’s international commitment to reduce greenhouse gas emissions 40 per cent from 2005 levels by 2030, are mentioned – in favour of finding economic advantage in the global energy transition.

But on substance, with the exc

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