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Once a climate leader, Canada is now doubling down on oil

Once a climate leader, Canada is now doubling down on oil

Jake Bittle· ·8 min read · 0 reactions · 0 comments · 47 views
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Canada's Prime Minister Mark Carney has shifted the country's focus from ambitious climate policies to supporting the fossil fuel industry. This change comes amid economic pressures and political challenges, including trade disputes and regional secession threats. Critics argue that this approach is short-sighted and contradicts global trends toward clean energy.

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Grist files mainly under climate. We currently carry 24 of its stories.

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Grist · Jake Bittle
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Original publisherGrist
Canonical URLhttps://grist.org/business/once-a-climate-leader-canada-is-now-doubling-down-on-oil/
Publication timeWed, 20 May 2026 08:15:00 +0000
Retrieval time2026-05-20T08:35:01.090Z
Last seen2026-05-20T08:35:01.090Z
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Opening excerpt (first ~120 words) tap to expand

Published May 20, 2026 Topic Climate + Business Share/Republish Copy Link Republish Copy Link Email SMS X Facebook Republish Reddit LinkedIn Bluesky Before he became prime minister of Canada, Mark Carney was perhaps one of the world’s biggest supporters of the idea that climate action was good business. He led the clean energy investment fund for Brookfield, one of the world’s largest financial firms, and founded a global alliance of bankers and politicians who wanted to channel their resources toward green energy. When he took over from outgoing Prime Minister Justin Trudeau, many expected that he would follow the previous Liberal leader’s ambitious climate agenda, which included taxing fossil fuels and subsidizing clean technology.

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