Tag Archives: Imperial Oil

Energy

Here’s who lobbied for key measures in Mark Carney’s first budget

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By Carly Penrose, Bethany Lindsay, Investigative Journalism Foundation, Local Journalism Initiative Reporter

Last week’s budget included billions in new spending and cuts that affected climate policies, defence spending, technology and taxation. 

An IJF analysis reveals that in the months and weeks leading up to the budget’s release, dozens of organizations registered to lobby and recorded hundreds of communications with public office holders on some of the very measures announced in Mark Carney’s budget.

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Energy

Pembina Institute: Why Canada Needs An Emissions Cap for the Oil and Gas Sector

According to Environment and Climate Change Canada, the oil and gas sector is a major contributor to Canada’s economy, employing 182,000 people and generating $209 billion in GDP during 2023, yet it is also the source of 31% of Canada’’s Greenhouse gas emissions.

 “Demand for oil and gas is not going to go to zero tomorrow.  It is a transition that takes decades  to undergo.  There will be a role for oil and gas as we move forward along that transition, but it is likely to be a  cleaner oil and gas sector as the rest of the world stops buying  the oil and gas products that Canada and other countries produce. Which, I think, really underlines the importance of investing in decarbonization now while we’re still using oil and gas  to 2050 and a little bit beyond  if we get on a net zero trajectory,” explained Janetta McKenzie  from the Pembina Institute, a Canadian think tank and non-profit focused on energy. 

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Business

Canada’s top CEOs make 210 times more than the average worker

Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Canada’s 100 richest CEOs made 210 times more than the average worker in 2023, a new report by the Canadian Centre for Policy Alternatives (CCPA) reveals.

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Environment

Canada’s competition watchdog opens inquiry into Pathways Alliance ads over greenwashing allegations

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

The Competition Bureau is officially investigating an ad campaign that Greenpeace Canada argues is “false and misleading” because it suggests Canada’s six biggest oilsands companies are reducing greenhouse gas emissions and helping Canada achieve its climate targets.

The Pathways Alliance’s six members — Canadian Natural Resources, Cenovus, ConocoPhillips, ExxonMobil subsidiary Imperial, MEG Energy and Suncor — are responsible for 95 per cent of Canada’s oil sands production. A complaint filed in March by Greenpeace Canada took aim at the group’s “Let’s clear the air” marketing campaign, which presents its members as “making clear strides toward net zero” to help Canada “achieve a sustainable future.”

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Finances

Canada’s emergency wage subsidy served as ‘blank cheque’ for companies: Canadians for Tax Fairness

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Some of Canada’s biggest corporations received a pandemic subsidy intended to keep their employees on the payroll, but a new report finds that in many cases, these large companies actually reduced employment while padding the pockets of shareholders.

These findings, from a report by Canadians for Tax Fairness, should make Canadians angry and point to a double standard, the federal NDP’s finance critic Daniel Blaikie told Canada’s National Observer in an interview. It is “egregious” for the federal government to have the Canada Revenue Agency (CRA) “hound” some individuals who applied for and received financial support through emergency programs like the Canada Emergency Response Benefit (CERB) to return the money, he added.

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