Meet P.E.I.'s new Livestock Champion: Her mission is to grow the Island's beef herd
Ellen Davis has been travelling to farms across Prince Edward Island talking to beef producers. Her mission: Increase the size of the beef herd on P.E.I. by giving farmers advice and helping them tap into government incentives. The job is funded by the P.E.I. government, the Cattle Producers Association and Atlantic Beef Products. CBC's Nancy Russell has the story.
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Globe and Mail
43 minutes ago
- Globe and Mail
Global energy investment to reach record US$3.3-trillion, IEA says
Global energy investment is set to increase to a record US$3.3-trillion this year, with clean technologies attracting twice as much capital as fossil fuels, according to a new report. Forecasts in the 2025 World Energy Investment report, released Thursday by the International Energy Agency, underscore how global investment trends are leaning toward clean energy, even at a time of geopolitical tensions and economic uncertainties. Fatih Birol, executive director of the IEA, said the fact clean energy will amount to two-thirds of investment this year is driven by a significant drop in the cost of many green technologies, combined with countries seeing them as a key part of their energy security strategies. 'In Canada, in the U.S., we still need oil and gas. We will need them for years to come. But we also need nuclear power. We need wind, we need solar. We need all these technologies for a secure energy system,' Dr. Birol said in an interview from Paris ahead of the report's release. Lower oil prices and demand expectations will result in a 6-per-cent fall in upstream oil investment in 2025 – the first year-on-year decline since the COVID-19 slump in 2020 and the largest since 2016, the report says. Canada's canola farmers stand to gain from U.S. tax breaks for clean fuel Global refinery investment in 2025 is set to fall to its lowest level in 10 years. The IEA said in the report it initially expected oil and gas spending to be flat in 2025, based on company announcements, but investment sentiment has become more downbeat as oil prices come under pressure. The report projects overall investment in oil and gas production this year to total just under US$570-billion. By contrast, the global liquefied natural gas market is set to experience its largest-ever capacity growth between 2026 and 2028, with investment in new LNG facilities boosted by projects preparing to come online in the United States, Qatar, Canada and elsewhere. Canada is a cornerstone of the global energy market, Dr. Birol said, and he applauded the country's efforts reduce greenhouse gas emissions, particularly in the oil and gas sector. Report finds Alberta's restrictive renewables policies dampened investment But if oil and gas are to remain a significant part of the global energy mix, fossil fuel companies will need to continue investing in those emissions-reducing technologies, he said. 'There is an excellent track record for methane emissions, for example, in Canada. And I hope that we see similar trends in the carbon emissions thanks to carbon capture and storage,' he said. Per-barrel emissions from Alberta's oil sands dropped by 26 per cent between 2012 and 2023, according to the most recent Oil Sands Greenhouse Gas Emissions Intensity Analysis, released Wednesday. That's a 4-per-cent improvement over 2022. Alberta's natural gas production and processing emissions have declined by 24 per cent since 2015, and methane emissions by 52 per cent since 2014, according to the analysis. On the electricity front, never before has there been such massive growth in global demand, Dr. Birol said. Between now and 2030, demand will increase as much as the current consumption in the U.S. and China combined. Editorial: Free the market for renewable energy in Alberta The cost of utility-scale batteries has fallen by two-thirds over the past decade, and global battery investment is approaching the level of gas-fired power generation investment, the report notes. But investment in electricity grids, now at US$400-billion per year, is failing to keep pace with overall spending on generation and electrification. As demand for energy continues to grow, more countries are embracing homegrown energy sources, Dr. Birol said. Take nuclear, for example. Capital flows to the sector have increased by 50 per cent over the past five years and are on track to reach around US$75-billion in 2025, according to the report. Dr. Birol attributes that growth to Russia's war against Ukraine, which 'reminded Europeans how important it is to increase domestic electricity generation.' In Europe, countries are extending the lifetime of existing nuclear power plants and building new ones. There is also huge interest in small modular reactors, including in Canada. 'I think this is good news for the world, both in terms of energy security, but also addressing our climate challenges,' Dr. Birol said.
CTV News
2 hours ago
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Timmins mining job fair fills critical industry vacancies
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CBC
2 hours ago
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Canada's largest private sector union calls for retaliatory tariffs against U.S.
Social Sharing The U.S. just hit Canada with another tariff gut punch, and Canada's largest private sector union says it's time to hit back with the same force. U.S. President Donald Trump has doubled tariffs on steel and aluminum from 25 per cent to 50 per cent, starting Wednesday. Canada, which already has a 25 per cent retaliatory tariff on U.S. steel and aluminum, hasn't yet said how it will respond. "We are in intensive negotiations with the Americans and in parallel preparing reprisals if those negotiations do not succeed," Prime Minister Mark Carney said in the House of Commons. Ontario Premier Doug Ford has urged the federal government to double its tariffs to match Trump, saying: "We can't sit back and let President Trump steamroll us." Lana Payne agrees. She's the president of Unifor, a labour union representing 320,000 Canadian workers, including in the steel and aluminum industries, as well as other adjacent sectors. Unifor is calling on Canada to enact tit-for-tat tariffs, temporarily halt exports of strategic metals to the U.S., build a national stockpile reserve of those metals, and strengthen laws that block companies from relocating Canadian jobs to the U.S. Here is part of Payne's conversation with As It Happens host Nil Köksal. Lana Payne, you are asking for immediate countermeasures against these tariffs from the U.S. What specifically would you like to see happen? I agree with Premier Ford. This is a very serious situation that we have on our hands right now. This is an outrageous size of a tariff that is risking Canadian jobs in the steel and aluminum industry, but also in industries that depend on steel and aluminum, like the auto industry, like aerospace. There's a lot at stake right now. We basically agree that we should have retaliatory tariffs. Currently, we have some, and if the U.S. is looking at 50 per cent on us, which they are, then we need to look at 50 per cent back. WATCH | Canadian Labour Congress calls for retaliatory tariffs: Advocates call for immediate action as Trump doubles metals tariffs 10 hours ago Duration 3:09 Canadian Labour Congress president Bea Bruske says she wants to see counter-tariffs right away on U.S. imports, with tens of thousands of Canadian jobs are at risk due to President Donald Trump's ongoing trade war. She spoke on Parliament Hill alongside Federation of Canadian Municipalities CEO Carole Saab and Canadian Chamber of Commerce CEO Candace Laing. Prime Minister Mark Carney is so far today saying that we're going to hold off on retaliatory tariffs because Canada is in talks with the U.S. on this right now … What do you make of that rationale? I don't envy the federal government in this moment, sitting and having negotiations back and forth with a partner that basically isn't playing by any rules whatsoever. That's what we're dealing with, which is why we have to be firm. We have to be strong, and we have to protect Canadian jobs and Canadian industries in that process. We can make sure that we're implementing new border measures that also look at preventing unfairly traded or dumped foreign steel and aluminum from entering Canada. Because you can imagine, as these tariffs are increased on most of the world, the world is going to be looking at places where they can get rid of their steel and aluminum, and we have to make sure we're protecting our Canadian industries and Canadian jobs. We can also look at things like temporarily halting exports of metals to the United States. If the United States is basically saying to us right now, "We're putting 50 per cent tariffs on you because we believe we don't need your steel and aluminum," then don't give it to them. The U.S. needs our aluminum and our steel. They can't build things without it. What would it mean, though, Lena, for your workers, if we didn't send it there? It has to go somewhere, right? We're at a place right now where, with a 50 per cent tariff on steel and aluminum, you'd be hard pressed to think that we can export anything to the U.S. at this moment at that cost. WATCH | PM Carney calls Trump's doubled tariffs 'illogical' and 'unjustified': Carney responds to U.S. aluminum and steel tariffs doubling 13 hours ago Duration 0:45 Ahead of a Liberal caucus meeting, Prime Minister Mark Carney said the government is in 'intensive discussions' with the United States after tariffs on steel and aluminum increased from 25 to 50 per cent. Do you worry that retaliatory tariffs would inflame things even more and lead the U.S. to bring in even more punitive measures against Canada? I mean, [is] working towards a deal more beneficial? If we don't do something, we risk losing these industries potentially forever. This is the problem we're in right now. Yes, we are going to use more steel and aluminum in Canada, given the fact that we have the leaders of our country — the premiers, the prime minister — talking about nation-building projects. But they won't start overnight. And we have to deal and save these workers and these jobs today. That means we may have to do things that cause pain south of the border. Because there is no way to avoid the fact that American workers, American industries are going to be impacted by this decision by Donald Trump. The Conservatives, as you may have seen, say there needs to be an emergency debate on these 50 per cent tariffs from the U.S. to help protect workers, and they're pointing the finger at the Carney government saying that things are only getting worse. Do you agree with the Conservatives on this? The reality is that Prime Minister Carney cannot control Donald Trump. Nobody can at this point. What I think would be beneficial is that the Carney government is absolutely speaking and having a conversation with unions, with industry, around how we deal with this going forward. This is stepping up the attack on Canada. There is no doubt about it that this is a major increase in aggression from the United States when, in fact, we have not been aggressive in the last number of weeks. We have actually been working to try to have negotiations, to get a deal. We're heading into the G7 in just a couple of weeks, and here we are with this kind of attack on Canada again. So I do think it's important for the government to be speaking to stakeholders and to have a cohesive strategy going forward. And I believe some of the measures and some of the recommendations that we put forward are beneficial, and I'm sure there will be others in Canadian society who have other recommendations. I would say the government's going to have to move fairly quickly here — within days, not weeks.
