After months of negotiations Alberta and Ottawa have agreed on a path forward for industrial carbon pricing. The May 15 implementation agreement is the start of rewriting the federal carbon pricing benchmark.
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
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
Canada is poised to become a low-carbon energy powerhouse. One industry association found $200 billion in investment opportunities across a range of technologies, while Clean Prosperity showed that the 2025 federal-Alberta memorandum of understanding could unlock $90 billion in low-carbon investment. Canadian institutional investors have the potential to help accelerate Canada’s industrial decarbonization. What will
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
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
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
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 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
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
The memorandum of understanding (MOU) signed last week by the federal and Alberta governments could unlock more than $90 billion in low-carbon capital investment and slash over 70 megatonnes of annual emissions within the province. Those are some of the key findings in Top TIER, a new research report released today by Clean Prosperity. The
Originally published in The Globe and Mail: The memorandum of understanding signed last week between the federal and Alberta governments was promptly attacked by climate advocates as a betrayal of climate action in Canada. Chief among them was MP Steven Guilbeault, formerly a Trudeau-era environment minister, who called the deal a “serious mistake” and resigned
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
