The Crown corporation said that by 2030, it will cut carbon emissions in its airlines portfolio by 37 per cent per kilometre for each passenger. It will also reduce financing for upstream oil and gas production by 15 per cent and shift three per cent of that production from oil to gas. (The Logic)

Talking point: Export Development Canada has been under pressure to aggressively cut its support for carbon-intensive clients. Last November, the Trudeau government pledged to end overseas funding for fossil-fuel projects, for which EDC is the largest federal financier. The organization has expanded its sustainable lending business since then, including partially guaranteeing $1 billion in loans for energy companies to decarbonize. But climate advocates say it isn’t doing enough. In a statement Tuesday, Julia Levin of Environmental Defence called for a complete end of public fossil-fuel financing. “This plan also, unfortunately, buys into the debunked myth that fossil gas is a ‘transition’ fuel, instead of directing investment to genuine climate solutions,” she said.