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Canada's Oil and Gas Emission Cap Proposal
Canada proposes a 35% greenhouse gas emission reduction cap for its oil and gas sector, sparking debate and opposition.
English
Canada
EconomyClimate ChangeEnergy SecurityEnvironmentPolicyEnergyClimate
Canadian Federal GovernmentPathways AllianceCenovus Energy Inc.Suncor Energy Inc.Imperial Oil
Danielle Smith
- What major initiatives are underway to reduce emissions in the oil sands?
- A $16.5-billion carbon capture project in Alberta's oil sands, spearheaded by the Pathways Alliance, aims to reduce oil sands emissions. The Pathways Alliance, comprised of major oil sands producers, is working to secure federal funding for the project.
- What is the level of support for the proposed emissions cap from various stakeholders?
- The proposed cap is at the lower end of the government's policy framework and has faced opposition from environmental groups who say it is not ambitious enough and from the oil and gas industry, which opposes any such policy.
- What are the differing views on the feasibility and economic impact of the proposed cap?
- The federal government disputes claims that production cuts are necessary to meet the targets, asserting that the rules are technically feasible. Alberta's government strongly opposes the cap, claiming it will hinder investment and job growth.
- How have oil and gas sector profits been utilized in relation to emissions-reduction efforts?
- Despite significant increases in oil and gas sector profits, much of the revenue has gone to shareholders rather than investments in emissions-reduction activities. Reports commissioned by the Alberta government and industry groups forecast job losses under the emission cap.
- What is the Canadian government's plan to reduce greenhouse gas emissions from the oil and gas sector?
- The Canadian government will release draft regulations to cap greenhouse gas emissions from the oil and gas sector at 35 percent below 2019 levels by using a cap-and-trade system.