Welcome to Net Zero, your daily industry brief on clean energy and Canadian-resource politics.
On Sunday, U.S. Sen. Joe Manchin said he planned to vote against President Joe Biden’s $1.75-trillion Build Back Better package, which features a controversial electric-vehicle (EV) tax credit that has angered trade partners, including Canada.
“I cannot vote to continue with this piece of legislation,” Manchin said in an interview with Fox News, citing inflation as the reason. “I just can’t. I have tried everything humanly possible.”
In its lobbying of U.S. senators to modify one provision in the package that favours EV assembly in the U.S., Canada is arguing that the tax credit violates international trade agreements and would devastate the country’s auto sector.
The credit has been at the top of several federal ministers’ and officials’ agendas, including Prime Minister Justin Trudeau’s. Considering the reprieve could be temporary, however, the Prime Minister’s Office did not comment on Manchin’s announcement. The Associated Press has that story.
Alibaba, the Chinese e-commerce multinational, has announced its intention to emit net-zero carbon by 2030. Reuters has the details.
A total of 128 Russian miners were evacuated after sensors in a Siberian coal mine detected elevated carbon-monoxide levels.
The National Employment Savings Trust (NEST), a pension scheme backed the British government, has divested $68 million from five fossil-fuel companies, including Exxon Mobil and Imperial Oil, for not managing climate-change risks.
“These five companies have not done enough to convince us that we should remain shareholders,” said Katharina Lindmeier, an investment manager at NEST. “They will not return to our portfolio until they demonstrate clear progress in preparing for a low-carbon economy.” The Financial Times has the full story.
Meanwhile, after the German government announced it would phase out coal-powered stoves by 2030, some Germans are already switching to more sustainable fuel sources. AFP has more.
On Monday morning at 10:56 a.m., West Texas Intermediate was trading at US$66.68 and Brent Crude was going for US$69.88.
New data from the Quebec government reveal that the province’s greenhouse-gas emissions increased by 1.5 per cent in 2019, moving Quebec further from its climate goals.
“We have to tell the truth,” Environment Minister Benoit Charette told a news conference Wednesday. “The challenge is huge.” CBC News has more from la belle province.
Alberta Energy Minister Sonya Savage tested positive for COVID-19 over the weekend. Jerry Bellikka, her chief of staff, said Savage is isolating at home and following all safety protocols. CTV News has the details.
The northern Ontario city of Timmins is asking its citizens to help it develop a plan to adapt to climate change. Christina Beaton, the city’s environmental coordinator, said northern communities need to figure out how to adapt to extreme heat and heavy rainfall caused by climate change. An online survey will be open until Jan, 3, 2022, and the city hopes to draft a plan by late next year. CTV News also has that story.
Finally, Calgary’s Strathcona Resources has revealed it bought Cenovus Energy’s Tucker thermal oilsands project in northeast Alberta for $800 million.
Canadian Crude Index was trading at US$55.65 and Western Canadian Select was going for US$53.77 this morning at 10:56 a.m.
This post was copy-edited after publication.