Copyright © 2021 Energy Intelligence Group

CANADA -- Prime Minister Justin Trudeau pledged to begin reducing carbon emissions from the oil and gas sector in 2025 in a climate election platform released ahead of the country's federal elections on Sep. 20. Canada's oil and gas industry needs to reduce emissions “at a pace and scale needed to achieve net-zero [emissions] by 2050, with five-year targets starting in 2025,” the Liberal party platform reads. The platform does not set a rate of reductions from the sector, however, nor does it establish a baseline for the five-year targets. The oil and gas sector made up about 26% of Canada’s overall emissions in 2019, according to government statistics. Transport, electricity and heavy industry -- all of which rely heavily on oil and gas -- collectively made up another 44%. The platform also calls for expanded use of electric vehicles and requiring half of the passenger vehicles sold in Canada in 2030 to be electric. Trudeau in April accelerated Canada’s emissions reductions program, pledging to cut 40%-45% of greenhouse gas emissions in 2030 versus 2005 levels (OD Apr.22'21). Industry advocacy group Canadian Association of Petroleum Producers calls for large-scale deployment of carbon capture at industrial sites and the use of carbon offsets to reduce industry emissions.

Just ahead of crop drying and heating season in North America, inventories of a key fuel are abnormally low and prices are sky-rocketing.
Thu, Sep 16, 2021
Public pressure and high natural gas prices may not be enough to solve the methane waste problem plaguing the Permian Basin.
Fri, Sep 17, 2021
Most Read
Production of hydrocarbon liquids outside the Opec-plus alliance will peak in 2025, our medium-term outlook shows, the inevitable result of lower investments upstream.
Thu, Sep 16, 2021