Ottawa-Alberta deal is progress but needs more climate ambition

Michael Bernstein, President and CEO of Clean Prosperity, made the following statement: “Yesterday’s energy investment agreement between Ottawa and Alberta represents continued progress in realizing the federal-Alberta grand bargain on climate and energy policy.  “The agreement has the potential to help grow Canada’s economy, diversify our trade, and reduce emissions, all while contributing to national

Federal-B.C. agreement upholds carbon markets and low-carbon economic growth

Clean Prosperity President and CEO Michael Bernstein made the following statement: “The Canada-British Columbia Cooperative Prosperity Agreement balances multiple critical objectives: economic growth, national unity, and emissions reduction. The future of Canada and B.C. depends on us succeeding at all of them. “The agreement explicitly upholds the power of strong carbon markets to attract low-carbon

New federal nuclear energy strategy an important step in supporting provincial reactor buildout

Brendan Frank, Clean Prosperity’s Vice President of Policy, made the following statement: “The federal government’s nuclear energy strategy is an important step forward in strengthening Canada’s nuclear power sector and supporting provinces in expanding nuclear power generation.  “It complements a broader strategy of electrification supported by the federal government and led by provinces. Ottawa is

Algoma Steel's Electric Arc Furnace

Ontario must reform its carbon market to protect the steel sector and secure billions in at-risk capital

The Ontario government has an opportunity to help protect its critical steel industry as it struggles under the weight of steep U.S. tariffs. Targeted reforms to Ontario’s carbon market would ensure that the steel sector is rewarded for its transformational low-carbon investments and provide needed support for the industry during a period of intense financial

Synethic Crude Oil leaves Syncrude's Mildred Lake site via pipeline.

Pipeline benefits outweigh carbon costs in federal-Alberta climate deal

The financial benefits of new pipeline capacity will far outweigh the carbon costs outlined in last year’s federal-Alberta memorandum of understanding, according to new modelling from Clean Prosperity.  In their agreement the two governments committed to add at least one million barrels per day in new bitumen pipeline capacity and increase the minimum effective carbon

How Canada can outcompete the U.S. for low-carbon investment

In this era of trade wars and geopolitical rupture, Canada has a unique opportunity to build its industrial base by attracting low-carbon investment away from the United States. That’s the message of “A Canadian Advantage,” a new report released today by Clean Prosperity and the Transition Accelerator.  The report compares the incentives in Canada and

Canada’s nuclear expansion faces supply-chain and workforce risks

Canada’s plans to build new nuclear reactors could face major cost overruns and stalled projects if supply-chain and workforce bottlenecks are not addressed, warns a new report released today by Clean Prosperity. Canada has the opportunity to scale nuclear power as part of a broader effort to electrify its economy. There is room to more

Federal-Alberta MOU opens door to stronger interprovincial power grid

Strengthening interprovincial transmission between Alberta and its neighbouring provinces could enhance grid reliability, lower costs for consumers, and accelerate decarbonization, says a new Clean Prosperity report released today.  The recently signed federal-Alberta memorandum of understanding (MOU) commits both governments to building a strong, integrated interprovincial transmission grid, representing the strongest political alignment on interties in

Grand bargain could herald the policy reset Canada needs to become a low-carbon energy superpower

Clean Prosperity President and CEO Michael Bernstein made the following statement in response to the memorandum of understanding (MOU) announced today by the Government of Canada and the Government of Alberta: “Today’s agreement holds promise of being the first step in a historic policy reset. By prioritizing strong carbon markets, Ottawa and Alberta are starting

Budget 2025 is right to focus on industrial carbon pricing for low-carbon growth

Michael Bernstein, Clean Prosperity’s President and CEO, made the following statement in response to the federal government’s 2025 budget: “I’m encouraged to see the federal government commit to industrial carbon pricing as the central focus of Canada’s climate competitiveness strategy in today’s budget.  Industrial carbon pricing can drive tens of billions worth of new investment,

Sign-up for our newsletter

The Clean Prosperity newsletter is a bi-weekly digest of all that’s new and interesting in the world of market-based climate solutions, from Canada and around the world.