Neskantaga makes the news on I-Politcs along with Canada must meet goals ... seems if they open up the ROF those emission goals can not be met and it is the reasoning behind linking all together
Trucking ore IS NOT GOIN TO HAPPEN and KWG plan will be adopted like it or not !!!
Welcome to Net Zero, your daily industry brief on clean energy and Canadian-resource politics.
The Lead
Member nations of the G20 will converge on Rome this weekend, where the group is expected to commit to tackling the existential threat of climate change and pave the way for more detailed action at the upcoming COP26 climate summit in Glasgow.
Leaders of G20 countries will pledge to take urgent steps to limit the rise of global temperature to 1.5 C, according to a draft communique seen by Reuters.
“We recognize that the impacts of climate change at 1.5 degrees are much lower than at two degrees and that immediate action must be taken to keep 1.5 degrees within reach,” the report read.
The landmark 2015 Paris agreement aimed to keep global warming “well below” two degrees above pre-industrial levels and “preferably” to 1.5 degrees.
The G20 bloc, which includes Canada, Brazil, China, India, and the U.S., accounts for more than 80 per cent of the world’s GDP, 60 per cent of its population, and an estimated 80 per cent of global greenhouse gas emissions.
Most of the leaders will then head to Glasgow, Scotland for COP26, the crucial UN gathering of almost 200 countries to discuss international climate action. Reuters has more details.
Internationally
Climate change is set to dominate the agenda at the upcoming G20 meeting. In addition to the pledge to keep global warming below 1.5 C, discussions will be held regarding the timeline and process of phasing out the use of coal across the globe. Reuters has more on what to expect from the meeting.
Shell announced its plan to halve its carbon emissions by the end of the decade, following increased calls from investors to end its “incoherent” stance on climate change. The Guardian has the full story.
Meanwhile, China submitted its nationally determined contributions on Thursday, which formalized its plan to have carbon emissions peak before 2030 and become carbon neutral before 2060.
The Democratic Republic of Congo plans to ban all logging exports and implement other measures to mitigate threats against its carbon-absorbing tropical rainforest, according to Eve Bazaiba, the country’s environment minister. Reuters also has that story.
On Friday morning at 9:47 a.m., West Texas Intermediate was trading at US$82.53 and Brent Crude was going for US$84.36.
In Canada
Prime Minister Justin Trudeau will head to Glasgow for COP26 following the G20 meeting in Rome over the weekend. Joining Trudeau in Glasgow will be a youth delegation from Kahnawake, Que.
“I really want to see what other countries and other Indigenous groups through those countries have to say about climate change,” said Karahkwinetha Goodleaf, a neuroscience student at McGill University who will be part of the group attending COP26.
A new report from Oil Change International suggests that Canada leads all G20 nations by providing $14 billion per year in financial support to the fossil fuel industry. The report also found that “renewable energy gets less government help in Canada than in any other G20 country.” The Canadian Press has more on the report’s findings.
Finally, the Neskantaga First Nation is calling on Ontario’s auditor general to investigate the province’s spending on mineral development projects in the Ring of Fire, about 540 kilometres northeast of Thunder Bay. CBC News has the details.
Canadian Crude Index was trading at US$65.94 and Western Canadian Select was going for US$67.06 this morning at 9:48 a.m.