Widow looking for answers after Quebec man dies in Texas Ironman competition
The widow of a Quebec man who died competing in an Ironman competition is looking for answers.
G20 finance leaders recognized carbon pricing as a potential tool to address climate change for the first time in an official communique on Saturday, taking a tentative step towards promoting the idea and coordinating carbon reduction policies.
The move marked a massive shift from the previous four years when former U.S. President Donald Trump's administration routinely opposed the mention of climate change as a global risk in such international statements.
The communique, issued on Saturday after a meeting of Group of 20 finance ministers and central bank governors in the Italian city of Venice, which is threatened by rising sea levels, inserted a mention of carbon pricing among a "wide set of tools" on which countries should coordinate to lower greenhouse gas emissions.
Such tools include investing in sustainable infrastructure and new technologies to promote decarbonization and clean energy, "including the rationalization and phasing-out of inefficient fossil fuel subsidies that encourage wasteful consumption and, if appropriate, the use of carbon pricing mechanisms and incentives, while providing targeted support for the poorest and the most vulnerable," said the communique from the financial leaders of the world's 20 major economies.
The statement was issued just days before the European Union was scheduled to unveil a controversial carbon-adjustment border tax on goods from countries with high carbon emissions.
"It is the first time in a G20 communique you could have these two words 'carbon pricing' being introduced as a solution for the fight against climate change," French Finance Minister Bruno Le Maire told reporters. "We have been pushing very hard to have these two words ... introduced into a G20 communique."
Those efforts met strong U.S. resistance for most of Trump's presidency, during which the United States quickly withdrew from the Paris climate agreement.
At a summit in Saudi Arabia in 2020, then-U.S. Treasury Secretary Steven Mnuchin agreed to a G20 reference to climate change, but not as a downside risk to global growth. Instead, it was included https://www.reuters.com/article/us-g20-communique-idUSKCN20H08Q in a reference to the Financial Stability Board’s work examining the implications of climate change for financial stability.
The carbon pricing mention on Saturday marks the influence of the Biden administration, which immediately rejoined the Paris agreement in January and has set out ambitious carbon reduction targets and clean energy and transportation investment plans.
But while supporting emissions reductions, U.S. Treasury Secretary Janet Yellen called on Friday for better international coordination on carbon-cutting policies to avoid trade frictions.
The EU's carbon border adjustment mechanism (CBAM) would impose levies on the carbon content of imported goods in an effort to discourage "carbon leakage," the transfer of production to countries with less onerous emission restrictions. Critics of the measure worry that it could become another trade barrier without reducing emissions.
(Reporting by David Lawder Editing by Paul Simao)
The widow of a Quebec man who died competing in an Ironman competition is looking for answers.
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
The world is seeing a near breakdown of international law amid flagrant rule-breaking in Gaza and Ukraine, multiplying armed conflicts, the rise of authoritarianism and huge rights violations in Sudan, Ethiopia and Myanmar, Amnesty International warned Wednesday as it published its annual report.
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee.
Facing pushback from physicians and businesspeople over the coming increase to the capital gains inclusion rate, Prime Minister Justin Trudeau and his deputy Chrystia Freeland are standing by their plan to target Canada's highest earners.
The Senate passed legislation Tuesday that would force TikTok's China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that's expected to face legal challenges.
People living near a wildfire burning about 15 kilometres southwest of Peace River are being told to evacuate their homes.
The U.S. Senate has passed US$95 billion in war aid to Ukraine, Israel and Taiwan, sending the legislation to President Joe Biden after months of delays and contentious debate over how involved the United States should be in foreign wars.
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a Grade 4 student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.