Environment and Sustainable Development Commissioner tables series of environmental audits
Canada’s Commissioner of the Environment and Sustainable Development tabled
five audits last month about Canada’s environmental commitments. The
just transition audit focused on whether Canada is prepared to support workers and their communities in the transition to a low-carbon economy. The
greening government audit assessed the government’s progress in reducing its GHGs. The
hydrogen audit determined whether hydrogen adoption can lower Canada’s GHGs. The
climate ready infrastructure audit assessed Infrastructure Canada’s approach to determining the climate impacts of infrastructure projects. Finally, the
carbon pricing audit
asked whether carbon pricing systems in Canada were applied effectively, fairly, and transparently. Overall, the audits found that significantly more work is needed for Canada to achieve its environmental goals, and the Commissioner provided numerous recommendations on future action.
Canada’s tech workforce is expanding steadily and has outpaced US growth over the last year
The
April edition of LinkedIn’s Workforce Report for Canada looked at where the tech workforce has grown the fastest over the past year. According to LinkedIn data featured in the report, Canada’s tech workforce has grown by 1.6% over the past 12 months, outpacing the growth of the US tech workforce, which grew by 1.1%. According to the authors, the growth of Canada’s tech workforce has coincided with record-level VC investment and the presence of large US players.
Inflation reaches highest point since January 1991, Bank of Canada increases interest rate
Consumer prices in Canada increased 6.7% year over year, which was a larger increase than in February, and the largest increase since January 1991.
According to Statistics Canada, the increase takes place amid sustained pressure on housing prices, supply chain constraints, and geopolitical conflicts, which have affected energy, commodity, and agriculture markets. On April 13th, the Bank of Canada
increased its target overnight interest rate to 1%, citing economic uncertainty following Russia’s invasion of Ukraine.
Large scale green economy projects unfold in Alberta, Quebec, Ontario
The Logic reported last week that multinational auto manufacturer Stellantis is preparing to announce a $2.54-billion deal to “retool” its manufacturing facilities in Ontario as part of its transition towards electric and hybrid vehicles. The Government of Quebec
is authorizing Hydro-Québec to launch two tenders for new wind and renewable energy supplies, adding to existing wind and renewable energy projects from last 2021. On March 31st, the Government of Alberta
announced the six companies that will move to the next stage in its call for proposals for carbon, capture, and storage projects. The companies will be invited to work with the government to further evaluate the suitability of the projects.
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