Canada’s Pathways Alliance Pushes Forward on Major Carbon Capture Project
Natural Resources Minister Jonathan Wilkinson expresses optimism for a major carbon capture project in Alberta led by the Pathways Alliance, aiming for a $16.5 billion investment. This initiative is crucial for achieving net-zero emissions by 2050, marking a significant step in Canada’s climate strategy. Recent constructive meetings highlight collaboration between government and industry, signaling a renewed commitment to sustainability and economic growth in the energy sector.
Canada reports $25.7 billion budgetary deficit
The federal government of Canada has reported a budgetary deficit of $25.7 billion as of the end of January for the current fiscal year, marking a significant increase from the previous year. The fiscal monitor provides insight into the government’s adherence to fiscal guardrails and reveals a notable increase in government revenues, but also a surge in program expenses and public debt charges.
Craft Brewers Association of Nova Scotia Welcomes Federal Changes to Alcohol Excise Duty
Ottawa is capping and cutting in half the excise duty on alcohol, a move welcomed by the president of the Craft Brewers Association of Nova Scotia. The reduction in excise duty is expected to provide much-needed support and relief to the industry, particularly in Nova Scotia, where the sector has faced significant difficulties.