On November 19, the Trudeau government tabled the Canadian Net-Zero Emissions Accountability Act in the House of Commons. It is a plan to set greenhouse gas (GHG) reduction targets to achieve net-zero emissions by 2050. The act calls for a roadmap to meet targets in five-year increments from 2030 to 2050, and will require annual reporting by the minister of finance.
Unfortunately, however, the act imposes no immediate requirements for industry, and is insufficient to jump-start a transformative climate agenda. We have seen this movie before.