Carney Ends Carbon Price and Oil-Cap, Expands LNG Exports but Issues No New Climate Plan

Prime Minister Mark Carney posted a second "Forward Guidance" video on Tuesday stating that the Trudeau-era climate plan was not sustainable over the long term and would have been too expensive for Canadians, Cbc reported. Carney said Canada's emissions will be higher in the next few years than projected under the previous plan.

The Carney government has scrapped the consumer carbon price and the cap on pollution from the oil and gas sector, Cbc reported.

It is also expanding exports of liquefied natural gas and supporting another pipeline from Alberta to the West Coast. "We can't afford to restrain the growth of an important part of our energy mix, oil and gas, to meet a short-term goal," Carney said.

He added that the certainties of the world of 2015 are long gone and that Canada's neighbourhood has not been this hostile since the country was founded.

Carney stated that the path to competitiveness and sustainability is electrification. The government is pursuing a goal of doubling Canada's electricity grid by 2050. He said addressing energy security means producing conventional oil and gas in the most environmentally sustainable ways and exporting them where they will make the biggest difference.

The Carney government has not introduced a detailed climate plan that maps out its new policies and resulting emissions, Cbc reported. Youth and advocates are suing the government to order Ottawa to release a climate plan aligned with Canada's legally binding climate targets.

Canada lags behind other G7 countries in emissions reductions, and the United States is outperforming Canada, according to a former member of Ottawa's net-zero advisory body, Cbc reported.