A cap on greenhouse gas emissions from Canada's oil and gas sector will be ready by the end of next year, Environment Minister Steven Guilbeault said Monday.
Minister of Environment and Climate Change Steven Guilbeault is seen during a news conference in Ottawa, Thursday, Sept. 15, 2022. Guilbeault says Canada's promised emissions cap on the oil and gas sector won't be finalized for another year.
The final regulations are now expected to come at least two years after the Liberals first promised the cap in their 2021 election campaign platform. “We have these oil companies that have just made massive profits and they’re saying they can’t respond quickly and invest in ,” said Brooks. “But I think if they knew where the cap is going to be set, that might inject some urgency into the conversation for them.”
Canada is aiming to cut emissions across all sectors 40 to 45 per cent below 2005 levels by 2030. Environmental Defence and the Climate Action Network Canada both said as COP27 began that the oil and gas target needs to be set 60 per cent lower than 2005 levels. “Listen, the people who say we should do that right now would be the first ones to criticize me if I didn’t do proper consultations with, for example, Indigenous people in Canada — as we have a constitutional duty to do,” he said. “They know very well how our system works.”
On Friday, the Canadian Pavilion hosted an event with the Pathways Alliance, a consortium of Canada’s major oilsands companies. Several environment groups staged a boisterous walkout at the event.
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