IISD in the news

Ottawa supports Big Oil over the climate

One can only imagine the positive buzz these days inside the boardrooms of Canada's oil companies, as they rake in record profits and plan major expansions of their oil production. Amid all the good cheer, one could easily lose sight of the fact that those plans will push the world dangerously closer to the brink of irreversible climate chaos. Even as the world finally signed a commitment at UN climate talks last month to begin transitioning away from fossil fuels, Canada's major oil companies are poised to do exactly the opposite — to greatly expand their fossil fuel production.

January 12, 2024