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Editor's Edition | Yahoo Finance Canada

Yahoo Finance Canada presents Editor's Edition, featuring finance industry insiders and the Yahoo Finance Canada editorial team discussing the top issues facing Canada's business and political realms.

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    Editor’s Edition: Fixing the vulnerabilities exposed by COVID-19

    The COVID-19 pandemic exposed many vulnerabilities across the institutions and industries key to our society, including long-standing structural challenges within the Canadian healthcare system. In the post-pandemic recovery, many of those challenges have not gone away and have, in fact, been exacerbated by severe staff shortages, particularly in Ontario, where several hospitals have had to close departments due to a lack of staff. On this episode of Editor’s Edition, the Public Policy Forum’s Sean Speer and Yahoo Finance Canada’s Alicja Siekierska discuss the ongoing challenges in the healthcare system and how policymakers should address these issues. “The emphasis on addressing these short-term challenges needs to be matched by a kind of similar level of ambition about the need to address these longer term, structural problems,” Speer said. “We know that because of aging and demographics, the pressure on our healthcare systems is only bound to grow.” They also discuss why re-shoring has yet to happen in Canada, why the government has fallen short on providing some basic services, and how airlines should be dealing with consumers when it comes to cancellations and delays. If you have any policy-related questions, or feedback about the show, please email alicja@yahoofinance.com.

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    Carbon capture a ‘panacea’ for airline industry, if tech and costs improve

    Air Canada is among the major global carriers betting on direct air carbon capture and storage to help shrink the industry’s massive emissions footprint. While the technology is still in its infancy, it could play a critical role given the challenge of replacing large fossil fuel burning jets. Kevin Krausert is CEO and co-founder of Avatar Innovations, a Calgary-based venture capital firm and startup accelerator that pairs entrepreneurs with the biggest companies in Canada’s energy patch. “If you could get the cost of direct air capture down to a point where it was more competitive than some of these sustainable aviation fuels or hydrogen solutions, then you would have a panace,” he told Yahoo Finance Canada’s Editor’s Edition. “You’d need a big breakthrough in the technology to bring the costs in line.” Got a question for Kevin Krausert? Email Jeff.Lagerquist@yahoofinance.com and let him know what interests you in the world of clean energy and technology. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android.

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    Ottawa’s oil and gas emission cap plans risk ‘unintended consequences’

    Ottawa has released preliminary plans for an emissions cap on the oil and gas sector, the latest step in Canada’s bid to reach net-zero by 2050. A discussion paper published earlier this month by Environment Minister Steven Guilbeault outlines two regulatory options; a sector-specific cap-and-trade system, or a steeper carbon price for the industry. The government says it intends to unveil full details in early 2023. Kevin Krausert is CEO and co-founder of Avatar Innovations, a Calgary-based venture capital firm and startup accelerator that pairs entrepreneurs with the biggest companies in Canada’s energy patch. He sees alignment between Ottawa and the energy industry. However, he hopes the government’s approach evolves beyond the two proposed options. “I don’t think either are helpful. I think there are unintended consequences for both,” he told Yahoo Finance Canada’s Editor’s Edition. “If it is going down a road of bludgeoning an industry with a hammer, I don’t think that will be well received. It won’t result in emissions reduction, and probably just results in capital leaving the country.” Got a question for Kevin Krausert? Email Jeff.Lagerquist@yahoofinance.com and let him know what interests you in the world of clean energy and technology. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android.