Canada is legally required to cut the emissions driving climate change by 40–45% below 2005 levels by 2030. But the government's own 2025 projections show current policies will reach only about 16–28% — far short.
Since 2025, several major climate measures were scrapped or paused, including the consumer carbon price and rules on clean electricity. Canada spent over $10 billion supporting fossil fuels in 2025, and its biggest banks increased oil-and-gas financing by 27%.
An environmental group has taken the government to Federal Court, arguing the rollbacks break Canada's own climate law.
16–28%
Projected GHG reduction by 2030 under current policies — vs. the legally required 40–45%
$10.2B
Federal fossil fuel subsidies and public financing in 2025 alone
$70B
Big Five bank fossil fuel financing in 2025 — a 27% increase
$13B
International climate-related support Canada committed to mobilize over five years (Spring 2026 Economic Update)