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ARTICLE · 17 NOVEMBER 2025

Torys On Budget 2025: The Climate Competitiveness Strategy

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Central to the 2025 Federal Budget was a climate competitiveness strategy—a roadmap for Canada's bid to become a "clean energy superpower". The strategy focuses on refining Canada's industrial carbon pricing system...

CanadaEnergy and Natural Resources
Tyson Dyck
Tyson Dyck
Caroline Marful
Caroline Marful
Steve Marshall
Steve Marshall
Emily Stewart
Emily Stewart
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Central to the 2025 Federal Budget was a climate competitiveness strategy—a roadmap for Canada's bid to become a "clean energy superpower". The strategy focuses on refining Canada's industrial carbon pricing system, extending investment incentives for clean technologies and improving regulatory clarity through both revisions to existing frameworks and the introduction of new ones.

What you need to know

  • Recommitting to industrial carbon pricing. The Budget remains true to Prime Minister Carney's platform commitment to strengthen industrial carbon pricing across the country. Stating that Canada's carbon markets are not all functioning as well as they could be, the Budget proposes steps intended to improve price signals and market efficiencies.

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