Canada needs a taxonomy, not a fossil fuel exception

That objective becomes impossible if the taxonomy tries to satisfy two contradictory goals: accelerating the transition while protecting the industries that must transform.

Every year Prime Minister Mark Carney's government delays steering capital toward a net-zero economy costs investors certainty, costs Canada transition capital, and costs us competitiveness in the global net-zero economy, writes Senator Rosa Galvez.The Hill Times photograph by Andrew Meade

Opinion

BY ISG SENATOR ROSA GALVEZ

August 19, 2026

Eight years of talk. Five years of drafting a taxonomy meant to steer capital toward a net-zero economy. Since 2018, governments have convened expert panels, working groups, and co...

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