Start your day off right with five things you need to know this morning.
Five things you need to know
Energy Minister Tim Hodgson has said Canada "earned the right to produce" oil and gas because it has worked so hard to reduce "the carbon intensity" of the industry. Speaking to Bloomberg – which asked whether "oil drilling" can be "woke again" – Hodgson said: "A very large percentage of the human population that doesn't want to make the trade off of economic growth for lower carbon.” He was also asked about "leaving oil and gas in the ground," to which he responded: "If you have the luxury of leaving in the ground, God bless you."
COLUMN: Even before the US-Iran war, some on the center-left were rethinking their stance on fossil fuels.
— Javier Blas (@JavierBlas) April 15, 2026
Can oil drilling be woke again? Yes, it can.
I talked to Canadian Energy Minister Tim Hodgson about "all-the-above" energy policy.@Opinion https://t.co/Aaj3jwJxde
Sticking to the subject of energy in Canada, the country's biggest bank, RBC, has released a report claiming that more than a trillion dollars of investment left Canada between 2015 and 2024. The capital exodus, coinciding with Justin Trudeau's time as prime minister, was the largest in Canadian history. It adds, however, that new leadership could unlock $1.8 trillion in investment over the next 10 years and "make Canada the G7's growth leader," with oil and gas representing more than $700 billion of that alone.
New RBC report: between 2015-2024, more than $1 trillion in investment exited Canada—the largest capital exodus in Canadian history.
— Heather Exner-Pirot (@ExnerPirot) April 15, 2026
Six sectors where Canada can attract back investment:
Oil and gas ➡️ $705 billion
Electricity ➡️ $635 billion
Mining ➡️ $200 billion…
Heritage Minister Marc Miller has said the Liberal government is "very seriously" considering a ban on social media for children. Miller said that "the grassroots have spoken" on the issue, a reference to Liberal members passing a non-binding resolution on Saturday calling for under-16s to be prohibited from accessing social media.
Ottawa ‘very seriously’ considering social media ban for kids, minister says https://t.co/DzvyQxUee0
— CTV News (@CTVNews) April 15, 2026
A lecturer at McGill University has warned "we haven't seen nothing yet" when it comes to the effect of the global energy crisis on air travel costs. It comes after the International Energy Agency warned Europe has "maybe six weeks" of jet fuel remaining as conflict in Iran continues to affect supplies. John Gradek, an academic specializing in aviation management at McGill, said it was the "worst crisis we've had in aviation, ever," adding: "without fuel, you can’t fly." He predicted flight cancellations.
Air travel faces 'unprecedented' fuel crisis as war squeezes supply, experts warn | CBC News.
— Chris Carlson (@ChrisCarls74618) April 16, 2026
Trump and his Texas oil executive supporters are laughing all the way to the bank. https://t.co/6CJBrMzyWj
The NDP is getting a $670,000 boost courtesy of the taxpayer. It comes after the party, which lost official status after a terrible performance in the 2025 election, benefited from a decision by the main political parties to "quietly" change the rules so the NDP could enjoy public funding.
MPs quietly change the rules so the NDP in Parliament can take $670,000.
— Franco Terrazzano (@franco_nomics) April 16, 2026
NDP quietly gets $670K in funding despite losing official party status - National | https://t.co/pdYHV56ysi https://t.co/nxE9XHLPbE
