Is this the end of Canada's climate ambitions?

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 5 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

When Canada elected Mark Carney as prime minister, there was hope that the country would pursue climate policies. That hope was crushed after Carney signed a deal with the oil-producing province of Alberta that will roll back or dilute green regulations.

As a result, Steven Guilbeault, Carney’s culture minister has resigned from cabinet. He was the environment minister under Justin Trudeau and responsible for many of the policies at risk. This week on Zero, Guilbeault tells Akshat Rathi why the Alberta deal was the last straw.

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Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Danielle Bochove, Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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Transcript

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0:00.0	People are going to hate me. I won't move on with my life. And I was so petrified of being dragged across the coals for reporting them. And I still am.
0:12.0	My name is Laura Hughes. And for the past two years, I've been uncovering the United Kingdom's perplexing relationship with lead.
0:20.5	What I found has shocked me.
0:24.3	From the Financial Times, this is untold.
0:27.9	Toxic legacy.
0:30.2	Out now.
0:31.5	Welcome to Zero. I am Akshadrati.
0:33.8	This week, Canada's climate compromise.
0:50.3	Music This week, Canada's climate compromise. Throughout the year, we've had many guests on the podcast talk about the unraveling of climate policies in the US.
0:57.6	But when it came to the northern neighbor, Canada, there was more hope.
1:01.3	In April, Canadians elected Mark Carney as the Prime Minister,
1:05.0	who had resigned as the United Nations Special Envoy on Climate Action and Finance to take up the political role.
1:11.4	He is someone who people say knows the climate challenge better than any world leader in power.
1:18.5	But now things are starting to look dire in Canada too.
1:22.8	At the end of November, Kani signed a memorandum of understanding with the province of Alberta, the largest
1:28.8	oil-producing province in the country, that has angered many climate advocates.
1:34.3	The deal promises federal support for a new pipeline from Alberta to British Columbia onto
1:39.1	Canada's west coast.
1:40.9	It opens the door to lifting a tanker ban and exempts Alberta from clean power
1:46.1	regulations in exchange for maybe some stricter industrial carbon pricing.
1:51.4	It also extends tax credits for using carbon capture to extract more oil.
1:56.7	The MOU essentially offers to undo a host of climate regulations that have been put in place
	...

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