Monday, December 29, 2025
ADVT 
National

Energy sector seeks reassurance in throne speech

Darpan News Desk The Canadian Press, 11 Sep, 2020 06:55 PM
  • Energy sector seeks reassurance in throne speech

Canada's fossil-fuel sector is looking to this month's throne speech for signs the federal government is not throwing in the towel on oil and gas.

At the same time Canadian climate strikers are threatening mass protests if the same speech doesn't show a plan to eliminate all greenhouse-gas emissions produced by human activities in less than a decade.

Tim McMillan, president of the Canadian Association of Petroleum Producers, says Prime Minister Justin Trudeau can use the throne speech Sept. 23 to send a signal to international investors that Canada's oil and gas industry is a solid opportunity for investment.

He says the planned clean-fuel standard meant to force oil and gas companies to emit less greenhouse gas is out of whack with Canada's main competitors for that investment and if the new standard isn't postponed, many companies will simply not be able to comply.

Earlier this year Ottawa scaled back the requirements of the standard over the first few years to give companies more time to recover from the economic crisis caused by COVID-19, but McMillan says that is not enough.

Trudeau is also, however, facing pressure from thousands of Canadian youth in the Climate Strike Canada movement who say the throne speech is Trudeau's "last chance" to convince them he really is a climate-change leader.

MORE National ARTICLES

Businesses lack faith in B.C. recovery plan: study

Businesses lack faith in B.C. recovery plan: study
The latest survey of businesses in British Columbia reveals few are confident the province's $1.5-billion recovery plan will help them survive or succeed.

Businesses lack faith in B.C. recovery plan: study

Wreckage of six-vehicle crash cleared near Sicamous

Wreckage of six-vehicle crash cleared near Sicamous
Police say wreckage from a six-vehicle crash that closed the Trans-Canada Highway west of Sicamous, B.C., was cleared away by Thursday.

Wreckage of six-vehicle crash cleared near Sicamous

Study suggests 8 times more people in B.C. infected with virus than confirmed

Study suggests 8 times more people in B.C. infected with virus than confirmed
A new study suggests eight times as many people in Metro Vancouver have been infected by the novel coronavirus than the rate of reported cases. The joint study has been conducted by researchers at the B.C. Centre for Disease Control, University of B.C., LifeLabs and public health scientists. 

Study suggests 8 times more people in B.C. infected with virus than confirmed

Twitter accounts of Joe Biden, billionaires, and companies targeted in an unprecedented social media breach

Twitter accounts of Joe Biden, billionaires, and companies targeted in an unprecedented social media breach
High profile individuals such as Joe Biden, Elon Musk, Jeff Bezos and other Twitter account users were targeted in a widespread hack to offer fake bitcoin deals on Wednesday in one of the most unprecedented security breaches on a social media site.

Twitter accounts of Joe Biden, billionaires, and companies targeted in an unprecedented social media breach

30 year old South Asian man killed on Monday seen a valued member of the community

30 year old South Asian man killed on Monday seen a valued member of the community
The 30-year-old man who was shot and killed in Vancouver's Punjabi Market on Monday has received kudos from the Vancouver Punjabi Market on their Instagram page.

30 year old South Asian man killed on Monday seen a valued member of the community

Bank of Canada says rates will stay low for a long time.

Bank of Canada says rates will stay low for a long time.
The Bank of Canada left its key interest rate unchanged at 0.25% and says it is likely to remain at that level for at least two years as the economy gradually recovers from the coronavirus pandemic and measures to contain it.

Bank of Canada says rates will stay low for a long time.