Prime Minister Mark Carney and Minister of Finance and National Revenue François-Philippe Champagne hold up copies of the budget as they pose for a photograph before the tabling of the federal budget on Parliament Hill in Ottawa, on Nov. 4, 2025. The Canadian Press/Justin Tang
While the federal budget has several “green” initiatives that push Canada toward a low-carbon economy, Ottawa has also made some choices that could please fossil fuel companies.
The budget contains several initiatives to further a “low-carbon economy” through measures like industrial carbon pricing, tax credits for expanding non-fossil fuel-generated electricity, and stronger methane regulations.
