Brief

Natural Infrastructure Essentials

A focus on water retention

On the Canadian Prairies, the need for water storage to cope with extremes associated with climate change is increasing. Historical and ongoing drainage, as well as altered landscapes, have significantly reduced the water storage capacity in many watersheds. Natural infrastructure provides a solution to increase water retention, among many other benefits.

January 27, 2026

Key Messages

  • Natural infrastructure stands in contrast to grey infrastructure solutions for flood mitigation, which are designed solely for short-term water detention. Unlike natural water retention measures, grey infrastructure solutions do not provide the co-benefits provided by long-term water storage.

  • As stakeholders seek to increase water retention and restore lost storage capacity, constructed retention options are growing in popularity. This often involves engineering design and heavy equipment to recontour basins and install berms, culverts, and control structures to capture and store water.

  • Water retention projects can provide benefits such as reduced flood risk, increased water supply and reduced drought risk, removal of sediment for improved water quality, carbon sequestration and storage, habitat provision and improved biodiversity, and economic benefits.

  • To improve and expand water retention across the Canadian Prairies, it is essential to prioritize wetland conservation, clarify and assess approaches, evaluate cumulative storage needs, expand benefits, and increase funding.

On the Canadian Prairies and around the world, the need for water storage to cope with extremes associated with climate change is increasing. Nature provides over 99% of freshwater storage globally, but unfortunately, this storage—natural buffering capacity—is declining. 

Across the Prairies, historical and ongoing drainage and landscape alteration have significantly reduced watershed storage capacity. Climate change may alter precipitation patterns, with more winter rain and less snow, reduced snowpack, and hotter, drier summers. At the same time, rising water demand from population growth and industrial uses, combined with less reliable supply, heightens the risk of water scarcity, where demand exceeds available resources. 

The Canadian Prairies need natural infrastructure that provides water retention and offers multiple benefits, such as flood protection and restored water storage capacity. 

Water retention refers to the ability of landscapes to capture, store, and slowly release snowmelt and rainfall. It includes both natural approaches, such as conserving and restoring wetlands, floodplains, grasslands, and riparian areas, and constructed measures like small reservoirs that mimic natural processes. Unlike grey infrastructure such as dry dams, which provide only short-term water detention, water retention measures store water long term and deliver added benefits, including flood mitigation, wildlife habitat, and improved water quality, with longer retention times yielding greater overall benefits. 

While momentum for constructed water retention projects is growing across the Prairies, this policy brief highlights opportunities for this natural infrastructure approach to expand, delivering flood mitigation alongside a range of additional benefits.

Participating experts

Brief details

Deep Dive

Is a New Oil Pipeline in Canada’s National Interest?

Building a new oil pipeline would impose a significant economic and environmental cost on Alberta and Canada.

December 12, 2025

Need to know:

  • Building a new oil pipeline would be a costly mistake for both Alberta and Canada. World oil demand is likely to peak in the next few years, and existing pipelines have the potential to provide adequate capacity at lower cost and risk.
  • As the Trans Mountain Pipeline (TMX) shows, building new pipelines is risky because of cost overruns. The TMX was originally forecast to cost CAD 5.4 billion and ended up costing CAD 34.2 billion.
  • The TMX pipeline is not recouping its costs. Because the tolls charged to the oil industry do not cover the full project costs, Canadian taxpayers could end up subsidizing oil shipments by between CAD 8.7 billion and CAD 18.8 billion, or up to CAD 1,255 per household, over the life of the project.  
  • A new pipeline would have to charge significantly higher tolls than existing pipelines to cover the high construction costs. Higher tolls on a new pipeline would result in lower returns to the oil industry and lower royalty payments to government relative to using lower cost expansion options on existing pipelines.
  • A new pipeline to British Columbia’s North Coast would require lifting the current oil tanker moratorium, posing a significant risk of a devastating oil tanker spill.
  • All major project proposals should be subject to a cost-benefit study and should not proceed if they do not create a net benefit to Canada. A new oil pipeline is unlikely to meet this standard and is inconsistent with Canada’s emission obligations.
  • Pipelines and fossil fuel projects should not receive public subsidies. The subsidies currently being provided to oil companies using the TMX should be removed by applying a cost-recovery levy on oil shipments to cover the full construction costs.

Investing in large-scale nation-building projects has become the priority of the Carney government as it seeks to grow Canada’s economy and diversify exports away from the United States.

While this strategy to stimulate investment has merit in the current economic environment, there is a significant risk of building uneconomic projects that could leave Canadians worse off, especially if the projects are subsidized by taxpayers and expedited by bypassing normal regulatory reviews through the new One Canadian Economy Act.

One project that exemplifies these risks is Alberta’s proposal for a new oil pipeline, which was recently agreed to in a Memorandum of Understanding (MOU) signed between Ottawa and Alberta.

The MOU contains a number of provisions, including commitments not to implement an emissions cap on the oil and gas sector, to suspend the clean electricity regulations, to maintain an industrial carbon pricing system, to implement a carbon capture project, and to streamline the approval process. The effect of these measures requires further details that the parties are still working out.

But the most controversial initiative contained in the MOU is support for a new oil pipeline to the BC Coast. Alberta supports the pipeline as a means of growing the energy sector and accessing Asian markets. BC and Coastal First Nations oppose it on the grounds that it entails significant environmental risks associated with oil tanker spills, it will increase emissions contributing to climate change, and that there are lower-cost, lower-risk options for shipping oil to markets via existing pipelines.

To better understand these risks of the proposed pipeline, it is helpful to examine the most recent experience building an oil pipeline in Canada: the construction of the Trans Mountain Expansion Project (TMX).

 

pipeline-alberta

Trans Mountain Pipeline Expansion

TMX was proposed by the American owner Kinder Morgan (KM) in its application to the National Energy Board (NEB) in 2013. The project tripled shipping capacity on its existing pipeline that brings oil from Alberta to British Columbia and Washington State.  

After receiving regulatory approval in 2016 to build TMX, KM announced in 2018 that it was suspending construction due to increasing concerns about the project’s economic viability. The Government of Canada commenced discussions with KM about the future of TMX and, in May 2018, announced it would purchase the pipeline.  

Following the government purchase, the approval of TMX was subject to an additional NEB review to address omissions in the first review and was reapproved in 2019. Construction resumed with completion in May 2024 at a cost of CAD 34.2 billion, more than six times he original estimate.  

The Trans Mountain Corporation (TMC) reports that the expanded pipeline is making money for the government, with a net income before tax of CAD 409 million in the first half of 2025. TMC’s income statement is misleading, however, because it does not include the full interest costs to the government on its investment in TMX. TMC’s 2025 financial statements show that only CAD 12 billion of the CAD 35 billion current value of the government’s investment in the pipeline is recorded as debt incurring interest charges on TMC’s books. The remaining CAD 23 billion was converted to equity to remove the interest charges from TMC’s expenses and transfer the debt to a separate entity, TMP Finance, that pays interest to the Export Development Canada. Interest is being paid on the loan but because it is not being paid by TMC it is not shown as an expense on TMC’s financial statements, making TMC appear profitable. If the interest charges on this CAD 23 billion debt are included (assuming a conservative 5% interest rate) the government incurred an estimated before-tax loss from TMC of CAD 166 million for the first 6 months of 2025, not a profit.  

The government is losing money on the TMX because the tolls paid by oil companies are based on contracts, originally signed in 2012, that do not cover the full costs of building the pipeline.

The result is that only CAD 15.4 billion of the CAD 34.2 billion cost of the pipeline is covered by tolls. If toll rates are not increased, Canadian taxpayers could lose between CAD 8.7 and CAD 18.8 billion or CAD 581 to CAD 1,255 per household subsidizing the transportation costs of the oil industry.  

While the financial cost to taxpayers of TMX is high, the total net costs to Canada are even higher when considering environmental costs such as GHG emissions and potential pipeline and oil tanker spill damages as well as other economic costs such as the impact on other pipeline companies. An independent, comprehensive cost-benefit analysis estimates that the net cost of TMX to Canada, when all costs are included, ranges between CAD 11.3 billion and CAD 30.1 billion — even when the potential impact of TMX increasing the price of Canadian oil exports is included.  

Lessons From the TMX for Building Canada Smarter

The lessons from the TMX experience are clear. First, governments should not build or financially support fossil fuel projects such as pipelines that the private sector considers too risky. If projects are viable, they can be built by the private sector without government subsidies. Providing subsidies will simply increase the probability of building uneconomic projects that weaken the economy and damage the environment.

In cases such as the TMX, where the government provided financial support, the terms of the assistance should ensure that the government’s contribution is fully repaid. For the TMX, this could be done either by increasing toll rates or by applying a special levy on transportation costs to fully recover the government’s investment so that taxpayers do not incur a loss.

Second, proposals should be evaluated by the government based on a comprehensive, public cost-benefit assessment of the project to determine whether it is in the public interest.

In the case of the TMX, the NEB review  did not include a comprehensive cost-benefit analysis. Instead, the review  relied on a simplified qualitative (as opposed to quantitative) assessment of the costs and benefits. The NEB review also focused only on the TMX pipeline proposal without assessing the merits of the TMX relative to alternative pipeline options or considering whether oil production would be sufficient to justify building the TMX.

A comprehensive cost-benefit evaluation would have taken all the relevant factors into account to determine whether the TMX was in the public interest. It would have assessed the significant environmental risks from increased emissions and potential pipeline and oil tanker spills. It would also have fully assessed the economic risks by conducting a supply-and-demand analysis of pipeline capacity and examining the shipping contracts to ensure that tolls would be high enough to cover construction costs. Finally, it would have evaluated alternative, lower-cost options for existing pipelines and alternative configurations for the TMX, such as expanding pipeline capacity to Washington State refineries, which would have reduced environmental risks by avoiding marine oil tanker traffic and increased returns for oil companies by reducing the shipping distance to markets.

By conducting this type of cost-benefit assessment, the government would have been able to more fully identify the economic and environmental risks of the TMX and could have better assessed the options for either addressing them or shelving the project.

A third lesson from the TMX is that major projects consistently experience significant cost overruns. The TMX was originally forecast to cost CAD 5.4 billion and ended up costing just over CAD 34.2 billion. Unfortunately, cost overruns are the norm in major projects. A multi-jurisdictional review of 633 energy projects, for example, found that three quarters of the projects took longer to complete and exceeded their cost estimates by an average of 79%.

The cause of cost overruns is an “optimism bias” that leads project proponents to consistently underestimate costs and overestimate benefits. To address optimism bias, project proponents should use a tool called “reference class forecasting,” which consists of reviewing the costs and benefits of completed projects and adjusting the budget forecasts accordingly for the project under review. In the case of the TMX, the construction cost forecast would have been increased by the average cost overrun experienced in similar projects.

While the overruns for the TMX exceeded the reference class overrun averages and would still have resulted in an underestimate of project costs, the analysis would have provided a more accurate estimate than those the government relied on.

Finally, all project reviews should include extensive engagement with the public and with Indigenous Peoples consistent with the principles of Free, Prior, and Informed Consent.
 

Construction of the trans mountain pipeline.

Why Canada Does Not Need a New Pipeline

While a comprehensive cost-benefit assessment of Alberta’s proposed pipeline cannot be completed without more details on the proposed project, current data suggests that it will impose a significant net cost on Alberta and Canada. Forecast growth in oil demand is insufficient to justify a major new pipeline, and upgrades to existing pipelines can meet Alberta’s needs at a much lower cost than building a new one.

Currently, the oil market is experiencing a large surplus, with supply forecast to exceed demand by 4 million bpd in 2026. Forecast production for 2025 of 106 mb/d exceeds the International Energy Agency’s most optimistic demand forecast to 2035 of 105 mb/d, indicating very limited potential for increasing production beyond current levels over the next decade.

Longer-term forecasts point to slower growth or a decline in oil demand, depending on future climate policies. Even in the unlikely scenario where there are no additional climate policy initiatives and the adoption of renewables and electric vehicles slows from their current trajectory, the International Energy Agency shows  that oil demand will continue to grow to 2050, but at a much slower rate than in previous decades. With continued implementation of stated policies, effectively continuing the current trajectory, the world oil demand is expected to peak by 2030 and then decline by 3% to 2050. If global climate change is limited to 1.5°C, demand is expected to decline by about three quarters by 2050.

Private oil companies such as BP forecast a decline in oil demand of between 11% and 68% by 2050, while Chinese demand, which is the target market for a new pipeline, is forecast to peak in about 2030 and then decline due to the rapid electrification of its transportation sector.

With world oil demand growth slowing down and then potentially declining, the rationale for building a new pipeline is weak. The Canada Energy Regulator’s most recent forecast, for example, concludes that no new pipelines are required to accommodate forecast growth in Western Canadian oil production.

But even if oil production grows faster than the Canada Energy Regulator forecasts and more pipeline capacity is required, an additional 1.1 million barrels of capacity can be provided by upgrading existing pipelines at much lower cost and lower risk than a new greenfield project.

Building a new oil pipeline to BC’s North Coast would also pose a significant environmental risk by requiring the removal of the current oil tanker moratorium, which was put in place to protect the marine environment from oil tanker spills. Research on the previous Enbridge Northern Gateway Pipeline proposed for Northern BC showed that there would be a 64% chance of a major oil tanker spill of 10,000 barrels or more, even with improved safety standards, over the first 30 years of operation. The impacts of a tanker spill would be devastating to the region’s environment and economy. Other research has documented that the new pipeline would increase greenhouse gas emissions, even if the proposed project is accompanied by carbon capture.

Given these market fundamentals, there is no rationale for building a new oil pipeline and, if one were built, the tolls required to pay for it would be significantly higher than those of existing pipelines, reducing returns to the oil industry and the Alberta government while putting the environment at risk. This is why no private pipeline company has come forward with a proposed new project and is unlikely to do so without government subsidies.

While some may have a more optimistic view of future oil demand and the viability of new energy projects in Canada, the TMX experience provides valuable lessons for building economic and environmentally responsible projects.

First, governments should not build or subsidize fossil fuel projects that the private sector considers too risky. Rapid deployment and cost reductions in electric vehicles, renewables, and battery technologies mean that the economic risks of oil and gas projects will only increase with time.

Second, proposed projects should be subject to a comprehensive public cost-benefit analysis to determine whether they are in the national interest. An economic assessment should include reference class forecasting to counter the optimism bias that leads to unrealistic cost and timeline estimates.

Finally, all project reviews should include extensive public engagement and consultation with Indigenous Peoples consistent with the principles of Free, Prior, and Informed Consent. These tools will help ensure that the projects built will strengthen the economy and not waste resources on poor investments that would make us all worse off. 
 

Deep Dive details

Press release

IISD Welcomes Nicolas Delaunay as New Director, Strategic Partnerships

December 11, 2025

Winnipeg—The International Institute for Sustainable Development (IISD) is pleased to announce that Nicolas Delaunay will join the organization as Director, Strategic Partnerships, effective February 2, 2026.

In this role, Nicolas will lead IISD’s global efforts to strengthen and diversify our partnerships and funding base, supporting a new five-year strategic plan to lead, innovate, and collaborate in tackling the world’s most pressing sustainability challenges. He will work closely with research and operations teams across IISD to build strategic relationships with governments, foundations, philanthropies, and corporate partners, ensuring that we deliver on our mission to transform bold ideas into real-world change that leaves no one behind.

“We’re thrilled to welcome Nicolas to IISD at such a vital moment for sustainable development,” said IISD President and CEO Patricia Fuller. “Strong partnerships form the backbone of our work and are critical in making an impact—we're confident that Nicolas's leadership will enable IISD to embark on new and innovative forms of results-focused collaboration.”

Bringing over 15 years of experience in international development and sustainability, Nicolas has held senior roles with leading global organizations such as Rainforest Foundation Norway, Global Water Partnership, and Emirates Nature – WWF. He has also facilitated strategic planning and resource mobilization for Fairtrade International, the OECD-DAC Arab Coordination Group, WWF Zambia, and UN-Water. Nicolas has a deep commitment to sustainability and building strong partnerships to help solve complex issues.

“Joining an institution playing such a prominent role in sustainable development research and policy is a privilege,” he said. “It strikes me that IISD’s ability to address the root causes and systemic solutions to accelerating and interconnected environmental and social crises is more needed than ever. I look forward to working with financing partners to help deliver on this high-impact agenda.”

Based in Oslo, Norway, Nicolas will work closely with IISD’s staff of more than 300 experts located across the globe.

For further information or press inquiries, please contact [email protected]
 

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Region
Canada
Deep Dive

How Canadian LNG Impacts the Climate: Carbon emissions, fuel switching, and cleaner alternatives

Producing liquefied natural gas (LNG) in Canada will increase domestic emissions, undermine the global energy transition, and divert resources away from climate solutions. Our expert, Steven Haig, explains.

December 4, 2025

Summary

  • LNG is a fossil fuel; producing it will increase Canada’s domestic emissions.  
  • Canadian LNG exports are likely to increase global emissions by adding to fossil fuel consumption and slowing the transition toward renewable energy.
  • New Canadian LNG is incompatible with climate targets and diverts resources away from real climate solutions such as renewable power generation and a clean transportation system.

The leading cause of climate change is burning fossil fuels—and this is causing more frequent and intense wildfires, storms, droughts, and floods. With Canada’s first large-scale LNG terminal beginning operations in June 2025, and several others proposed or under construction, it is crucial to understand the impact that this fossil fuel could have on people and the planet. That means answering questions such as:

Recently, senior government officials have suggested that expanding Canadian LNG production would be good for the climate. For example, some have argued Canadian LNG has the “lowest carbon footprint of any produced in the world” and that LNG Canada Phase 1 is “60 per cent lower carbon than the average LNG plant in the world.” The federal government has suggested LNG exports “could help reduce greenhouse gas emissions by reducing coal combustion,” and a minister for the Government of British Columbia (B.C.) has added, “It's not just a question of displacing coal or other dirtier fuels … it's displacing other LNG, which has dramatically higher emissions.”

Statistics and arguments like these, however, don’t tell the full story.

Here’s why.

Q: Will new LNG production increase Canada’s emissions?

A: Yes, LNG is a fossil fuel; producing it will increase Canada’s domestic emissions.

How much carbon is expected to be emitted from Canada’s current LNG facility?

Producing LNG requires a lot of energy as it involves cooling standard piped natural gas to -162°C. LNG Canada Phase 1—Canada’s only active LNG export terminal—uses natural gas turbines to do this. That means Canada’s current LNG production relies on burning fossil fuels, with LNG Canada Phase 1 expected to emit 2.1 megatonnes of CO2e annually. This is roughly equivalent to the annual emissions of around 450,000 passenger vehicles and would make LNG Canada Phase 1 one of the most climate-polluting projects in all of B.C. These emissions could double if LNG Canada Phase 2 goes ahead as initially planned with partial electrification.

What about Canada’s proposed net-zero LNG facilities?

Most other proposed LNG projects in Canada—such as Woodfibre LNG, Cedar LNG, and Ksi Lisims—intend to be powered by hydroelectricity rather than natural gas. This could reduce their overall carbon footprint, with a goal to achieving net-zero operational emissions; however, electrifying B.C’s oil and gas industry—including all proposed LNG projects—in line with provincial climate targets would require over 40,000 GWh per year of electricity by 2030. This huge surge in demand would require the equivalent of eight Site C hydroelectric dams, just for the oil and gas sector. Electrification would also be very expensive, with a significant share of the cost expected to fall to the public—either in the form of direct government financing, government-funded infrastructure support, and/or subsidized electricity rates. Finally, due to a recent policy change from the Government of B.C., new LNG plants are no longer required to be net-zero by 2030. Instead, they only need to be “net-zero ready,” placing the burden on the province to ensure clean electricity supplies are available. In the meantime, most LNG facilities would operate by burning natural gas, increasing emissions.

Would net-zero LNG facilities produce net-zero LNG?

LNG facilities account for less than 10% of LNG’s average life-cycle emissions (figure below)—that is, the total emissions generated by a product’s life cycle from start to finish.  Far more emissions—twice as many, on average—come from upstream gas extraction, transportation, and shipping (figure below). If all proposed B.C. LNG projects go ahead, the increase in upstream emissions from natural gas extraction, processing, and transportation could be 10 Mt per year. Implementing the federal government’s proposed regulations to limit methane emissions from the oil and gas sector could help reduce this figure, but only partially. Electrifying LNG facilities themselves, moreover, does nothing to reduce these upstream emissions. In other words, a net-zero LNG facility does not produce net-zero LNG. This means that new LNG production will increase Canada’s emissions—even if the facilities’ own net-zero goals are met.

Illustrative Life-Cycle Emissions of LNG

  

Source: Haig et al., 2024, based on data from Nie et al., 2020. A similar emissions distribution was also found in a recent global study of average LNG life-cycle emissions: International Energy Agency (IEA), 2025.

Q: How would Canadian LNG exports affect global emissions?

A: Canadian LNG exports are likely to increase global emissions by adding to fossil fuel consumption and slowing the transition toward renewable energy.

Will Canadian LNG reduce global emissions by replacing coal use abroad?

There is little evidence to suggest that Canadian LNG will significantly displace coal use abroad. For example, in China, it is renewable energy, not imported LNG, that is reducing the market share of coal in the power sector. The cost of new utility-scale solar photovoltaic power and storage is also falling rapidly in other countries such as India, meaning this trend of shifting from coal to renewables is expected to be replicated in other Asian markets, too. LNG, meanwhile, is typically twice as expensive to produce than it needs to be to compete with coal and renewables in China, India, and many other emerging economies.

Moreover, life-cycle emissions from LNG are typically underestimated—often by a large margin. This is mostly because a significant portion of LNG-related emissions comes from methane leaks throughout the supply chain. These leaks are systematically underreported and thus underestimated in life-cycle emissions comparisons. While most studies do conclude that life-cycle emissions from LNG are still lower than those of coal (e.g., 25% lower on average, as estimated by the IEA), the emissions benefits of switching are often less dramatic than assumed and vary widely depending on the emissions intensity of the LNG in question.

Is the LNG Canada project “60%” cleaner than the global average LNG production?

The commonly cited claim that LNG Canada is “60%” cleaner than average is based on the environmental assessment report from the LNG Canada project. That report estimated the emissions intensity of both LNG Canada Phase 1 and 2, operating together at full capacity, would be 0.15 tonnes of CO2 equivalent per tonne of LNG produced (t CO2e/t LNG). This was then compared to the average of several international LNG facilities, calculated as 0.35 t CO2e/t LNG. The comparison assumes partial electrification of the total facility (Phase 1 and Phase 2). As noted above, there may be insufficient hydroelectric power available to achieve this, in which case the emissions intensity of LNG Canada could be higher than expected. Other relevant factors include policy settings, such as the stringency of industrial carbon pricing. As such, the emissions intensity of LNG Canada—and all proposed LNG projects in Canada—is uncertain, given that these figures are based on projections rather than observed emissions from operating facilities.

Even if LNG Canada was 60% less carbon intensive than international competitors, this offers an incomplete view of the relative climate impact of LNG produced in different countries. This is because the liquefaction process only refers to a small part (less than 10%, on average) of LNG’s total life-cycle emissions (figure above), as highlighted above. Assuming other emissions from upstream processing and transportation are kept constant for the purpose of illustration, 60% cleaner liquefaction processes would result in LNG that is only 5% cleaner overall (figure below). When comparing the climate impacts of LNG, what matters most is total life-cycle emissions, not the emissions intensity of the liquefaction facilities alone. 

Is Canadian LNG (in general) cleaner than the global average, and if so, could this help reduce global emissions?

Estimates regarding the total life-cycle emissions of LNG vary widely due to differing methodologies and assumptions. Emissions estimates for Canada’s LNG facilities, moreover, are based on projections that have not been confirmed with observed data.  In this context, one meta-analysis of emissions studies for Canadian LNG found the average estimate for total production, transportation, liquefaction, and shipping emissions (“well-to-tank emissions”) to be 23.35 gCO2e/MJ. The average well-to-tank emissions for LNG delivered to Europe were estimated to be 21.31 gCO2e/MJ using the same methodology.

The IEA has estimated that Canadian gas production is generally less emissions intensive on average than that of some LNG producers, such as Malaysia and Indonesia, but significantly more polluting than Qatar, which is the world’s cheapest LNG exporter. Indeed, Canadian gas is typically extracted by fracking, a highly polluting process. Relative to these estimates from the IEA, expanding LNG production in Canada would increase the emissions intensity of Canadian gas production overall (due to the increased energy requirements of LNG production and transportation), while reducing methane leakage, venting, and flaring would lower the emissions intensity.  The carbon footprint of Canada’s LNG facilities themselves may also be higher than expected if electrification is not possible in the short-to-medium term (as is likely) and facilities are powered by natural gas instead of hydroelectricity. The bottom line is that the potential emissions advantage of Canadian LNG over international competitors is currently unclear.

Even if Canadian LNG were cleaner than international competitors, we cannot assume that it will replace LNG produced elsewhere. Rather, new LNG projects will generally add to the total global production and consumption of LNG (while reducing profits for producers). In other words, addition is more likely than substitution, and thus emissions are expected to rise. Because of this, it is best practice to consider the emissions impact of new fossil fuel projects in absolute terms—that is, relative to no expansion—rather than in relation to other projects elsewhere.

Would LNG help or hinder the global transition to renewable energy?

Instead of displacing coal use abroad, or even other LNG products, flooding the market with more LNG could disincentivize investments in electrification and new renewable power generation. This is because an oversupply of LNG would deflate gas prices (at the cost of exporters, like Canada), making it more likely for governments and/or companies to lock in long-term fossil fuel infrastructure. This effect may be amplified by market distortions, such as fossil fuel subsidies and geopolitical pressure to expand LNG trade, even as market dynamics increasingly favour renewables over imported LNG. Considering factors such as these, detailed modelling from the U.S. Department of Energy in 2024 found that new LNG exports from the United States are expected to displace more renewables than coal abroad, all while increasing total fossil fuel consumption. The study concluded that “in every scenario, increases in [U.S.] LNG exports would lead to increases in global net emissions.”

An LNG tanker ship travels across the ocean, creating waves as it goes.

Q: Is Canadian LNG a climate solution?

A: No. New Canadian LNG is incompatible with climate targets and diverts resources away from real climate solutions, such as renewable power generation and a clean transportation system.

Is more Canadian LNG compatible with a safe and stable climate?

Regardless of LNG’s emissions relative to other sources of fuel, new LNG production will make it more difficult to stabilize the climate. To maintain the science-aligned 1.5°C limit on global temperature rise, no new long-lead time upstream oil and gas projects are needed—as confirmed by the IEA and others. This includes new LNG facilities that would enable increased upstream gas extraction in Canada’s Montney Basin—one of the world’s largest sources of unburned carbon emissions. In fact, projected fossil fuel production in 2030 is more than double what would be consistent with the 1.5°C limit. Even many existing fossil fuel projects would need to shut down early—including some in Canada—if demand declines in line with this target.

Alternatively, if new projects are developed and fossil fuels continue to be consumed at a level needed to support them, the climate will be destabilized further. Every tenth of a degree of warming matters, with climate impacts on people and the planet expected to increase dramatically as temperatures increase. That means more wildfires, tropical storms, food insecurity, flooding, droughts, human displacement, and wildlife extinctions. The science is clear: a safe and stable climate requires transitioning away from fossil fuels and scaling up clean energy as quickly as possible. For governments that are serious about meeting globally agreed climate goals and protecting their citizens from the worst impacts of climate change, LNG expansion is simply not an option.

Do LNG projects come with opportunity costs?

The governments of Canada and B.C. have allocated at least CAD 3.93 billion in financial support for new LNG projects by the end of 2030. This creates an opportunity cost as public money is used to enable fossil fuel development at the expense of other projects that could create jobs, reduce household costs, and facilitate the transition toward a cleaner economy. For example, a clean transportation system could employ over 1.6 million people by 2050. A net-zero electricity grid could save Canadian households CAD 15 billion annually by 2050. Meanwhile, a wave of clean energy retrofits for Canadian homes could save households CAD 10.8 billion annually by 2050 while creating over 100,000 jobs. The more public money is used to expand fossil fuel infrastructure, the less is available to support real climate solutions.

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Success story

Over a Decade of Protecting the World's Fresh Water: Five ways IISD Experimental Lakes Area has made a difference

The Experimental Lakes Area has been transformed ever since IISD saved it from imminent closure in 2014. 

But don’t just take our word for it. 

Here are five stories from people who have seen, firsthand, the impact of IISD-ELA over the last decade.

November 24, 2025

When it comes to understanding the environment, some plucky scientists in Canada over half a century ago discovered that working directly on the environment can result in richer and more accurate results than conducting research in a classic laboratory.

It was that discovery that led to the ribbon-cutting of the Experimental Lakes Area in 1968—a series of 58 lakes and their watersheds in northwestern Ontario.

It is the only place in the world where scientists can experiment on and manipulate real lakes to build a more accurate and complete picture of what human activity is doing to our fresh water. The findings from its over 50 years of ground-breaking research have rewritten environmental policy around the world—from mitigating algal blooms to reducing how much mercury gets into our waterways—and aim to keep fresh water clean around the world for generations to come.

Lake 240 of IISD's Experimental Lakes Area in Ontario

Just over 10 years ago it found a whole new lease on life, coming under the wing of the International Institute for Sustainable Development.

And ever since then, it has never looked back. From opening its doors to students, journalists and scientists from around the globe to working with local communities and kicking off new and exciting research into microplastics and oil spills, IISD Experimental Lakes Area—as it is now known—has never had more of an impact on the lives of those who depend on fresh water.

But don’t just take our word for it. 

Here are five stories from people who have seen, firsthand, the impact of IISD-ELA over the last decade.

IISD Experimental Lakes Area Embraces Africa

It’s not only North America that houses massive freshwater lakes. Africa’s seven Great Lakes are highly valuable natural resources, renowned for rich fisheries and biodiversity hotspots” that underpin the welfare and livelihoods of over 50 million people across 10 countries.

That’s why over the last decade, IISD-ELA has teamed up with the African Center for Aquatic Research and Education (ACARE) to strengthen science on large freshwater resources and the countries in which they reside.

That means sharing knowledge between experts on both continents. It means building projects that benefit Lake Erie and Lake Edward. And it means building the future of African Women in Science.

Let's hear what The Honourable Terry Duguid, Member of Parliament, Winnipeg South has to say...

Click here to learn more about how and why we are collaborating with those who work hard every day to protect Africa’s Great Lakes.

How Our Science Changes How Industry Acts

Science only matters if it makes our lives better. 

That’s why, ever since 2014, the world’s freshwater laboratory has committed to ensuring that all the science we do is converted into policy recommendations for industry and governments to change how they act.

Here’s a great example of how research into cleaning up the shorelines of lakes after oil spills immediately changed how industry dealt with those spills—for the better.

Here's more from Vince Palace, the head Head Scientist at IISD Experimental Lakes Area.

Click here to learn more about what IISD-ELA has discovered when it comes to oil spills in freshwater systems, and how best to clean them up.

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Building the Next Generation of Freshwater Scientists

At IISD-ELA, we believe in the power of engaging students directly in hands-on science to inspire, interest, and motivate young people to examine the world around them, encouraging the process of lifelong learning.

And we need to nurture the next generation of freshwater scientists to ensure that freshwater protection continues way into the future.

That’s why we have spent the last decade building a whole suite of educational programming and community outreach that gets young people from all walks of life interested in freshwater science—all while getting their feet wet in the process.

Here's the story of Savana Theodore-Maraj, our Former Education and Outreach Assistant.

Click here to discover all the educational programming—for students and the general public—that IISD has to offer.

Honouring the Land and Water

For almost a decade, the world’s freshwater laboratory has been building relationships with local First Nations communities and working to understand their concerns and needs. 

Our activities with our neighbours in Treaty 3 communities involve collaboration and communication in areas of common interest, including the environmental impacts of resource development, education, youth engagement, and traditional ecological knowledge.

Giniw’ikwe/Laura Horton of Rainy River First Nation/Tulita offers us her perspective.

Click here to learn more about IISD-ELA is committed to working closely with Indigenous partners.

Where does the science go from here?

A decade passes by in the blink of eye. But IISD Experimental Lakes Area is committed to protecting freshwater resources for generations to come. 

And this means more science on the biggest threats to our fresh water—from plastics to pharmaceuticals and more. It also means building bigger audiences, in part thanks to a new Centre for Climate and Lake Learning that will function as a hub for education and outreach on freshwater science in northern Ontario.

Chelsea Rochman—Research Fellow at IISD Experimental Lakes Area and an Associate Professor of Ecology at the University of Toronto—gives us her take...

Click here to learn more about how and why IISD-ELA is exploring the impact of plastics on fresh water—and where it goes from here.

Webinar

Understanding the Value of Nature in the Hudson Bay Lowlands

Manitoba’s Hudson Bay Lowlands is one of the world’s most intact ecosystems—and one of the province’s greatest natural assets.

In this webinar, our panelists explore new research that quantifies the immense ecological, cultural, and economic value of this region. Learn how conserving the area can help advance Manitoba’s climate and biodiversity goals while supporting Indigenous-led stewardship and sustainable futures.
 

December 9, 2025 11:00 am - 12:15 pm CT

(Open to public)

This webinar highlights the key findings from the newly released Manitoba's Hudson Bay Lowlands: Ecosystem goods and services valuation report, produced by the International Institute for Sustainable Development (IISD) and commissioned by CPAWS Manitoba.

The Hudson Bay Lowlands, one of the largest intact wetlands on Earth, play a vital role in our climate, our economy, and our shared future. From storing vast amounts of carbon to filtering water, supporting biodiversity, and sustaining communities, this region provides essential ecological goods and services that benefit us all.

By quantifying these benefits in both physical and monetary terms, this report helps make the hidden value of nature visible to decision-makers, communities, and the public. These insights can inform conservation planning, guide sustainable land use, and strengthen the case for protecting places of global significance.
 

Key Takeaways from the Webinar: 

  • The Hudson Bay Lowlands in Manitoba provide an estimated minimum of CAD 250 million annually through services associated with biodiversity conservation, hunting, tourism, and mental health.
  • The EGS valuation studies like this can support communication and advocacy for protected area initiatives and other conservation efforts, identify data gaps, and guide strategies to collect more information on people’s preferences for a stronger economic case. They can also serve as inputs in cost-benefit analysis to make more informed decisions on projects and their impacts on ecosystem services and inform outcome measurement for securing financing from diverse sources by connecting services to beneficiaries.
  • Monetary valuation of ecosystem services provided by nature is important to identify projects and initiatives that deliver greater benefits to society. At the same time, cultural and non-material values are hard to translate into economic terms. This is especially true for remote areas like the Hudson Bay Lowlands, where non-use values dominate. For example, a large share of economic value might come from communities far from the Lowlands that appreciate its pristine nature, rich biodiversity, and legacy for future generations. Contingent valuation studies that estimate willingness-to-pay beyond local jurisdictions can help shine light on their global significance.
  • Balancing development with conservation is critical—land-use planning and traditional knowledge help identify areas for protection.
  • Five nations — York Factory First Nation, Fox Lake Cree Nation, Tataskweyak Cree Nation, War Lake First Nation, and Shamattawa First Nation - are coming together to protect shared ancestral lands in the Hudson Bay Lowlands in Manitoba. This land has sustained generations of Indigenous peoples, and it is their hope that it continues to do so.
  • The journey of the Kitaskeenan Kanatenihtakwuk Indigenous Protected Area initiative demonstrates the importance of taking time to build trust: five nations worked for six years to create a shared vision and foundation for collaboration. People can support the initiative and learn more at kitaskeenan.ca.

This webinar took place on December 9, 2025. Watch the full recording below or on YouTube.

Our Speakers:

Ron Thiessen

Ron Thiessen is the Executive Director of the Canadian Parks & Wilderness Society (CPAWS) Manitoba. He has been instrumental in establishing 23 parks and protected areas in Manitoba with CPAWS, which is nearly three million hectares of healthy lands and waters conserved for future generations. Ron played a significant role in supporting the Indigenous Nations on the Pimachiowin Aki initiative, which resulted in large protected areas and eventually, a UNESCO World Heritage Site. Ron helped raise public support for the project to help soften a backlash aimed at the provincial government for its support of Pimachiowin Aki. Ron has spent many years on individual campaigns working with Indigenous Nations and all involved to secure new protected areas such as Fisher Bay and Little Limestone Lake provincial parks. His leadership together with the CPAWS team has resulted in tens of thousands of letters to the provincial government from citizens in support of protecting wild spaces for nature in Manitoba.

Marina Puzyreva

Marina Puzyreva is a senior policy advisor with IISD’s Water team. With an extensive background in economics and public policy, she is investigating a business case for nature-based solutions for improved water outcomes and their co-benefits. Marina has led studies examining the economic value of climate-smart agricultural practices and several large-scale conservation initiatives, including the Seal River Watershed Indigenous Protected Area. She also works with Indigenous partners in Canada to expand understanding of value in policymaking and develop collaborative approaches to managing and protecting our waters. Marina holds master's degrees in economics from the University of Manitoba in Canada and the Higher School of Economics in Russia.

Flora Beardy

Flora Beardy is a Knowledge Keeper and York Factory First Nation Community Coordinator for Kitaskeenan Kaweekanawaynitamuk. Flora is an Ininew iskwew (Cree woman) born and raised in York Factory First Nation traditional territory between Kaskatamagan and Churchill, Manitoba. Flora is an Elder, mother, community champion and historian. She holds an honorary doctorate from the University of Manitoba for her work documenting the oral history of the York Factory people. She has published a book of Ininew Oral history titled Voices from Hudson Bay and has received Awards of Excellence from Canada Heritage and the National Treasury Board. Flora has worked as an Interpreter and Board Member with Parks Canada; and as a researcher, translator, committee member, and elder advisor for her own community. Flora has recently come out of retirement to lead five Ininew Nations in protecting their shared homeland through the Kitaskeenan Kaweekanawaynitamuk / “Protecting Our Shared Lands” IPCA project.

Our Moderator:

Claire Woodbury

Claire Woodbury is a Conservation Campaign Manager with the Canadian Parks and Wilderness Society's Manitoba Chapter. Claire has over twelve years of experience in science communication and public engagement, engaging communities through public events, innovative programs and one-on-one knowledge sharing. Claire brings her passion for environmental protection within a decolonial framework to advocate for the protection of public lands and waters in Manitoba, especially in the north. 

Resources:


Thanks to our webinar partner:

 

CPAWS Manitoba

Webinar details

Topic
Water
Sustainable Finance
Region
Canada
Impact area
Nature
Statement

Canada's 2025 Budget Makes Piecemeal Progress on Climate

Climate Competitiveness Strategy offers mixed signals at a time when the nation needs certainty.

November 4, 2025

Today's federal budget, which arrives at a moment of deep geopolitical uncertainty, takes welcome steps to link climate ambition with economic competitiveness and pledges key investments in critical minerals to accelerate the clean energy transition. Yet the sparse Climate Competitiveness Strategy falls short on commitments needed to ensure Canada leads the way on the global stage.

"Climate competitiveness is essential to economic prosperity," says Patricia Fuller, President and CEO of IISD. "Canada has taken a step forward today, pledging investments to ensure it leads in some priority areas. But to truly prosper, it must do more to advance clean energy and clean technology in a rapidly decarbonizing world."

Positively, the budget recommits to more stringent methane regulations for the oil and gas sector, and the government's commitment to strengthen industrial carbon pricing provides a cornerstone for the strategy. This will provide much-needed certainty to drive low-carbon investment. This must be implemented urgently along with complementary policies like the carbon border adjustment included in the Liberal platform.  

These positive signals are offset, however, by the decision to direct more tax dollars to oil and gas, further fuelling climate change. The budget increases fossil fuel production subsidies by offering tax breaks for constructing new liquefied natural gas (LNG) facilities while at the same time extending an existing investment tax credit for carbon capture and storage. These subsidies lock-in new and expanded fossil fuel production and, in the case of LNG, violate the government's own policy to avoid new inefficient fossil fuel subsidies. This diverts scarce resources away from low-carbon innovation in a world where rapidly expanding renewable energy is driving down global demand for oil and gas.

"Committing to build a low-carbon economy while at the same time subsidizing a growing fossil fuel industry is like trying to drive forward while the gearshift is in reverse," says Nichole Dusyk, Senior Policy Advisor and Lead, Canada Energy team. "By funding and relying on carbon capture and storage and LNG as 'climate solutions,' the federal government is sapping resources from real, globally competitive climate solutions."

Critical Minerals

IISD commends Canada's global leadership in responsible critical minerals development, reflected in the new Critical Minerals Sovereign Fund along with strategic partnerships through the Critical Minerals Production Alliance. These measures reaffirm a much-needed commitment to build domestic resilience and collective security both here and abroad through sustainable supply chains. The success of these investments will hinge on embedding strong sustainability, transparency, and community inclusion standards.  

Climate Adaptation

While the budget recognizes the economic opportunities associated with mitigating climate change, it leaves unanswered the question of what resources will be allocated to protect Canadians from its impacts. The new Build Communities Strong Fund contains a stream of funding for which climate adaptation projects will be eligible, as well as support for more reliable weather forecasting, but no mention of any renewal of dedicated funding for disaster risk reduction and management or climate adaptation.  

International Development Assistance

In a context where Canada is seeking to diversify its trade globally, the planned CAD 2.7 billion cut to international development assistance threatens to diminish Canada's international standing with partners around the globe.

Webinar

Nature-Based Approaches to Water Storage and Flood Mitigation

The Canadian Prairies need natural infrastructure solutions that improve water retention and provide multiple benefits, including better flood protection, restored water storage capacity, and healthier ecosystems.

Interest in water retention is growing—both globally and here at home. This webinar will highlight practical approaches to using water retention to rebuild natural storage in our landscapes and help communities prepare for water extremes.

November 18, 2025 9:30 am - 11:00 am CT

(Open to public)

Across the Canadian Prairies, many watersheds have lost much of their natural ability to store water due to historical and ongoing drainage and changes to the landscape. 

Faced with more and more extreme weather events, exacerbated by climate change and historical drainage, we need natural infrastructure solutions that offer multiple benefits, such as flood protection and restored water storage capacity. 

We look forward to learning how each organization is implementing different approaches to water retention, internationally and across the Canadian Prairies.

Key Takeaways from the Webinar: 

  • Historical and ongoing drainage has similar outcomes in both Denmark and the Canadian prairies – reduced water storage capacity on the landscape, resulting in even more excess flooding and severe drought, exacerbated by climate change. But restoring water storage capacity – or making landscapes “spongy” – is key to reducing vulnerability to these extreme events.
  • Water retention strategies are critical in both urban and rural communities to build resilience to flood and drought. Proven solutions are already being implemented, with constructed wetlands providing stormwater management in urban landscapes, like Winnipeg, Manitoba, and wetlands providing water management in rural areas.
  • And while these solutions help with flood and drought, they can be designed to provide broader benefits, like water quality improvements, carbon sequestration, wildlife habitat, and heat mitigation. Where water retention projects are already implemented, quantitative data can demonstrate their effectiveness. But the qualitative information from landowners, neighbours, and farmers also provides important insights into the effectiveness - like “I’ve not been flooded this year” or ”the only grazing place left”. 

This webinar took place on November 18, 2025. Watch the full recording below or on YouTube.

Our Speakers

Ellis Penning

Dr. Ellis Penning is an expert on nature-based solutions at Deltares, the Netherlands and coordinator of the EU project SpongeScapes, and co-coordinator of the EU project SpongeWorks. These projects focus on enhancing climate resilience through improved water retention at landscape scale using NbS. An aquatic ecologist by training, Dr. Penning is actively contributing to furthering the holistic evaluation of these solutions for both floods, droughts, biodiversity and socio-economic impacts, using a wide variety of assessment methods.

Pascal Badiou

Pascal Badiou is a Research Scientist with the Institute for Wetland and Waterfowl Research (IWWR) of Ducks Unlimited Canada, interested in the role wetland restoration and conservation can play in regulating water quality and quantity in agricultural watersheds of the Canadian Prairies. Additionally, Pascal conducts research in the use of constructed wetlands for the management of stormwater and treatment of sewage effluent to improve water quality at the watershed scale within urban environments.

Richard Grosshans

Dr. Richard Grosshans is the Bioremediation Lead in IISD’s Water Program. He received his PhD in Biosystems Engineering and Biological Sciences at the University of Manitoba, where he was an NSERC IPGS Research Scholar. His current research crosses multiple disciplinary boundaries focused on integration of water, energy, and nutrient management with sustainable agriculture, bioproducts, and bioenergy. Richard’s expertise is in wetland systems, integrated watershed management, environmental engineering, biogeochemistry, nutrient management, water quality, bioremediation, eutrophication in aquatic systems, alternative energy, and bioproducts and bioenergy.
 

Our Moderator:

Jessica Vanstone

Jessica Vanstone is a Senior Research Officer within the Adaptation and Resilience Analysis Unit, Climate Resilience Branch, Ministry of Environment. She’s earned Bachelor of Science degrees in both Biology and Geography and a Master of Science degree in Geography, from the University of Regina, with specializations in climatology, hydrology, dendrochronology, climate extremes and adaptation to a changing climate. For over 18 years Jessica has studied and worked within the fields of tree-ring science, hydrology, water resources and management, environment and climate change; and currently works as a member of a dedicated team to support the preparedness and resilience of Saskatchewan and its people to the climatic, economic and policy effects of a changing climate.


Resources:

Thanks to our webinar series partner:

 

Climate West Logo


Funded in part by:

BHP Foundation logo

 

Insight

Biodiversity Credits in Canada: Why trust, clear rules, and Indigenous leadership are critical

Canada has a chance to design a credible, Indigenous-led biodiversity credit market, but only if integrity and rights come before market expansion.

October 30, 2025

Biodiversity credits are emerging as a potential tool to direct more funding toward protecting and restoring nature. Unlike offsets, which aim to compensate for environmental damage, credits are designed to generate measurable, net-positive biodiversity outcomes.

To explore how this idea could be applied in the Canadian context, the Nature Investment Hub and the International Institute for Sustainable Development co-hosted a round table with Canadian experts. The discussion highlighted both the opportunities and the practical challenges associated with developing a credible and effective biodiversity credit market in Canada.

Three themes stood out clearly from the conversation: ensuring market integrity, centring Indigenous leadership, and recognizing the role of regulatory signals in creating stable demand.

"Growth in the nature finance market is hampered by a lack of clarity on what different financial instruments can credibly achieve and at what scale. This session affirmed that the biodiversity credit market is nascent, but huge innovation potential can be catalyzed if we are willing to have honest conversations about inclusive benefits and leadership from Indigenous people, and learn lessons from mis-steps in the carbon market,” says Priya Bala-Miller, managing director of the Nature Investment Hub. 

Insights summarised here represent collective views of the session participants and should not be solely attributed to either IISD or the Nature Investment Hub. 


1. Market integrity is essential for credibility.

One of the main obstacles to scaling biodiversity credits is the lack of common standards and metrics. Currently, there is no unified approach to measuring biodiversity outcomes, which hinders confidence in the market. Experiences from carbon markets, including concerns about greenwashing and weak verification, were widely referenced by participants as lessons learned.

There was broad support for developing harmonized metrics and assurance mechanisms that can ensure consistency across projects and help identify risks early. Storytelling and flexible accounting methods are practical tools that can better capture the complexity of ecological outcomes without oversimplifying them.

2. Indigenous leadership is a precondition for a credible market.

Indigenous Peoples play a critical role in protecting biodiversity across Canada. At the round table, participants underscored that Indigenous leadership is not simply a principle—it is a practical requirement for building an effective market.

Indigenous communities are already developing their own biodiversity credit standards, often challenging conventional market concepts such as “additionality,” which can overlook long-standing stewardship. Ensuring that Indigenous peoples can lead standard-setting and governance processes, rather than being brought in later as partners or implementers, is essential to a legitimate and lasting system.

Supporting Indigenous-led standard development can also help Canada avoid some of the credibility and equity issues seen in other environmental markets.

3. Policy and regulation can help create stable demand.

The discussion also addressed the role of regulatory signals in shaping the future of biodiversity credit markets. Voluntary markets can help build momentum, but they may not deliver the scale needed to meet biodiversity goals on their own.

Take the example of the Department for Environment, Food and Rural Affairs Biodiversity Net Gain regulation in the United Kingdom, which requires developers to deliver a 10% net gain in biodiversity. This policy has quickly created demand for biodiversity credits and associated projects.

While Canada’s land governance context is different—particularly due to Indigenous rights and the extent of public land ownership—regulatory clarity could help de-risk investment, attract more capital, and provide a stable foundation for market development.

“There is already strong momentum on the supply side, with many biodiversity credit pilots underway. To match that, a project-based approach that introduces a mandatory market like the UK's Biodiversity Net Gain could be a logical next step to bring biodiversity into development projects,” says Albert Letting, senior policy advisor at IISD.

Moving Forward: Fast action, deliberate design

Advancing biodiversity credits in Canada will require moving on two tracks at once:

Quick Wins

  • supporting Indigenous-led pilot projects
  • accelerating action in provinces with enabling policy conditions
  • using communication strategically to build confidence among capital providers and communities


Deliberate Groundwork

  • clarifying jurisdictional issues
  • ensuring fair and inclusive benefit sharing
  • establishing voluntary disclosure and assurance standards that build trust over time

Aligning biodiversity credit efforts with related policy areas, such as green skills, innovation, and conservation planning, is critical to success and will help to develop a more coherent approach.

Read the session readout

 

Webinar

Economic Risks of Canadian LNG Expansion: Case studies from Australia and the United States

October 14, 2025 4:00 pm - 5:00 pm EST

(Open to public)

On Sept. 11, Prime Minister Mark Carney listed LNG Canada Phase 2—which is intended to double the export capacity of Canada’s first liquefied natural gas (LNG) facility—as a project of “national interest.”

Canada’s federal and provincial governments have already committed billions of dollars in public funding for new LNG exports. IISD’s recent research estimates that the governments of Canada and British Columbia are directing CAD 3.93 billion to West Coast LNG projects. This includes: CAD 1.62 billion in public finance and CAD 151.95 million in infrastructure funding from the federal government. The BC government is providing CAD 2.16 billion by the end of 2030 through foregone revenue, reduced electricity rates, and investment in enabling infrastructure. 

However, the experiences of Australia and the United States demonstrate why doubling down on fossil fuel exports comes with significant drawbacks.

In this webinar, international energy experts from Canada, Australia, and the United States will use case studies from their countries to explore the economic risks of expanding LNG exports.

They will share research showing how investment in LNG can undermine clean energy opportunities while delivering limited economic benefits.  

This is the second webinar of a two-part series considering the risks associated with Canada’s subsidized LNG exports. The previous instalment quantified Canada’s public support for the LNG industry and explained the energy security risks for potential importers like India and Germany.

Agenda

Welcome

Steven Haig, Policy Advisor, International Institute for Sustainable Development

Presentations

Ian Sanderson, Senior Policy Analyst, Pembina Institute

Mark Ogge, Principal Advisor, Australia Institute

Shannon Baker-Branstetter, Senior Director, Domestic Climate and Energy Policy, Center for American Progress 

Q&A

Conclusion