Canada's Budget 2025: Canada's Climate Competitiveness Strategy

Canada's budget 2025, released on November 4th, outlines the federal government's "Climate Competitiveness Strategy" as part of the government's new vision for climate-change policy. This is the liberal government's first budget since being elected in April and follows consistent messaging from the last several months: the government is focused on creating conditions that will attract investment into Canada, while building an affordable net-zero future in which Canadian businesses are well-positioned to compete and succeed in the global economy.

The Climate Competitiveness Strategy appears to be a central pillar of the government's plan to strengthen Canada's economy; however, a number of important questions were left unanswered. Most notably, the federal government did not eliminate plans for a cap on emissions from the oil and gas sector. The federal government is early in its tenure but has focused on rebalancing its environmental and energy priorities in a