Canada divided by carbon conundrum
Canada’s plans for raising carbon tax face mounting political and popular opposition
Four years ago, Canadian Prime Minister Justin Trudeau enjoyed broad political support for implementing a pan-national carbon pricing strategy to make meaningful reductions to Canada’s stubbornly high greenhouse gas emissions. But, where Trudeau once enjoyed the support of likeminded political leaders, the changing political landscape—following recent elections—is undermining plans to more than double carbon levies to C$50/t CO2e ($37.85/t CO2e) by 2020. When Trudeau was elected in 2015, 80pc of the country was already under some sort of carbon regime. Ontario, home to the country's industrial manufacturing heartland, and Quebec—bestowed with abundant hydroelectric resources—had joined a cap
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat






