Canada's Carbon Liabilities

The Implications of Stranded Fossil Fuel Assets for Financial Markets and Pension Funds

1.57 MB 58 pages

This study looks at the implications of unburnable carbon for the Canadian fossil fuel industry and in particular for financial markets and pension funds. The authors argue that Canada is experiencing a “carbon bubble” that must be strategically deflated in the move to a clean energy economy.

About the authors

Marc Lee

Marc Lee is a Senior Economist with the Canadian Centre for Policy Alternatives. Marc joined the CCPA’s British Columbia office in 1998, and is one of Canada’s leading progressive commentators on economic and environmental policy issues. From 2009 to 2015, Marc led the CCPA’s Climate Justice Project (CJP), which published a wide range of research on fair and effective approaches to climate action through integrating principles of social justice. Marc continues to write about climate and energy policy, strategies for affordable housing, federal and provincial budgets and macroeconomics. Marc has an MA in Economics from Simon Fraser University and a BA in Economics from the University of Western Ontario. Marc is a past chair of the Progressive Economics Forum, a national network of heterodox economists. He also served as a Visiting Professor at Simon Fraser University’s School of Public Policy in 2024 to 2025.