Skip to main content

Featured

Bill C-30 Just Passed: 5 Ways It Changes Your Wallet in 2026

  Canadian Money Brief Bill C-30 just received Royal Assent — and it touches your gas tank, your TFSA neighbour the RRSP, your CPP statement, and your tax return all at once. Here are the five changes that actually matter for your wallet. 1. The Federal Fuel Excise Tax Is Suspended Until September 7 The federal excise tax on gasoline and diesel is paused from April 20 through September 7, 2026 — shaving 10 cents per litre off gas and 4 cents off diesel at the pump. The tax break also extends to aviation fuel. If you're road-tripping this summer, the savings show up automatically; you don't need to do anything to claim it. Just don't expect it to last past Labour Day weekend, since the suspension is scheduled to expire September 7. 2. Home Buyers' Plan Repayment Window Triples — From 2 Years to 5 If you used your RRSP to fund a down payment through the Home Buyers' Plan, the grace period before you have to start repaying yourself is extending from two years to five, ...
Post a Comment
Read more

article

Labels

Top Polluting Cities Revealed at COP29 Amid Growing Frustration Over Fossil Fuels

 

At the COP29 summit in Baku, Azerbaijan, new data has highlighted the world’s most polluting cities, sparking increased frustration over the persistent presence of fossil fuels. According to Climate Trace, a database co-founded by former U.S. Vice President Al Gore, cities in Asia and the United States are the largest emitters of greenhouse gases.

Shanghai tops the list, emitting 256 million metric tons of greenhouse gases annually, followed closely by Tokyo with 250 million metric tons. New York City and Houston also rank high, with emissions of 160 million and 150 million metric tons, respectively. These figures are staggering, considering that some of these cities’ emissions surpass those of entire countries like Colombia and Norway.

The data, which combines satellite and ground observations with artificial intelligence, underscores the urgent need for effective climate action. Activists and climate officials at the summit expressed their frustration with the slow progress in reducing fossil fuel use and the influence of fossil fuel companies on climate policies.

As the world grapples with the escalating climate crisis, the revelations at COP29 serve as a stark reminder of the critical need for global cooperation and decisive action to curb emissions and transition to sustainable energy sources.


Labels:

Comments

Post a Comment