‘Sense of relief:’ Ottawa rejection of Nunavut mine expansion draws praise, criticism
Nunavut member of Parliament Lori Idlout says she felt an “overwhelming sense of relief” when she learned federal ministers had rejected a proposal to expand an iron ore mine on the tip of Baffin Island. “It was great to see this decision.
Industry groups welcome C$10 billion in Ottawa’s budget update
Canada’s major mining industry group and a green energy think tank are welcoming nearly C$10 billion spread over tax credits for clean technology, mining project approval improvements, innovation research and industry training announced in a federal budget update.
Industry welcome tax credits, but say more needed to tackle Biden’s IRA
Canadian businesses have welcomed Ottawa’s proposed tax credits for investments in clean technology and hydrogen production, but say more urgent steps are needed to tackle the competitive challenges created by United States President Joe Biden’s Inflation Reduction Act (IRA).
Ottawa to tax public company share buybacks
Oil and gas companies that have been reaping windfalls from high oil prices will be discouraged from returning some of those profilts to shareholders through share buybacks.
Fall Economic Statement Outlines Supports for Canada’s Mining Sector
Ottawa – The Mining Association of Canada (MAC) welcomes today’s Fall Economic Statement, which includes several commitments that will provide support for the country’s mining industry, one of the most significant contributors to the economy in the natural resources sector. The government’s announcement of a tax credit for clean technologies of up to 30% for investments […]
Ottawa orders Chinese companies to exit three Canadian lithium miners
Ottawa has ordered three Chinese companies to divest their investments in three Canadian junior lithium miners as it looks to strengthen its hold on this country’s critical minerals projects amid rising demand for the commodities.
Canada will fast-track energy and mining projects important to allies: Freeland
Canada will have to fast-track energy and mining projects if it is to help its democratic allies and achieve its own net-zero ambitions, Deputy Prime Minister Chrystia Freeland said in a speech this week in Washington — the most tangible signal to date that the federal Liberal government is prepared to address regulatory hurdles that […]
Why Canada needs an EV battery strategy – now
For half a century, oil production has been a major economic engine for Canada. But just as the internal combustion engine is starting to give way to the battery-powered electric vehicle (EV), so too does Canada need to develop a new industrial engine, says a new report by Clean Energy Canada and Trillum Network for […]
Canada moving at geological speed in tapping its resource riches
The 11-year CEO of the Mining Association of Canada, by any objective measure, ought to be beaming at the confluence of events making possible an historic boom in the sector he represents. For one thing, the public research clearly shows the image of the business has changed in recent years.
Mining sector could benefit from US green
U.S. new green energy legislation could be a boon for Canadian mining sector says Algoma-Manitoulin-Kapuskasing MP.
