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Canada's oil industry at odds with Trudeau over new 2030 climate plans
Reuters via Yahoo ^ | March 31, 2022 | By Nia Williams

Posted on 03/31/2022 7:21:25 AM PDT by Oldeconomybuyer

CALGARY, Alberta (Reuters) - Canada's first emissions reduction roadmap relies heavily on the oil and gas sector to help Ottawa reach its 2030 climate goal, but there is a still a big gap between what industry and government say are achievable cuts.

Oil and gas is Canada's highest-polluting sector, accounting for 26% of total emissions. If Prime Minister Justin Trudeau's Liberal government is to meet its climate target of reducing overall emissions 40-45% below 2005 levels by 2030, the oil and gas industry will need to make drastic cuts.

So far Canada has missed every emissions reduction goal it has ever set and oil and gas pollution has risen 19% between 2005 and 2019. Canada's new Emissions Reduction Plan, announced on Tuesday, aims to cut oil and gas emissions by 42% from current levels by 2030.

The Liberal government, which has had a strained relationship with the oil and gas industry since coming to power in 2015, is also developing an oil sands emissions cap as promised in the last election.

Trudeau said oil and gas leaders themselves recognised the need to get to net-zero by 2050.

Ottawa is relying on a handful of levers to slash oil and gas emissions, such as cutting methane output and new technologies including carbon capture and storage (CCS), said Dave Sawyer, principal economist at the Canadian Climate Institute.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Canada; News/Current Events; Politics/Elections
KEYWORDS: climate; energy; gas; oil
Canada should just build a pipeline to Russia.
1 posted on 03/31/2022 7:21:25 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

When are you Canadians gonna get rid of that little commie punk?


2 posted on 03/31/2022 7:23:55 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.p)
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To: Oldeconomybuyer

Like father, like son. I remember someone telling me that when Pierre finally retired at about this time in 1984, people in Calgary (and probably elsewhere in Alberta) had big horn honking parties in celebration.


3 posted on 03/31/2022 7:24:07 AM PDT by OttawaFreeper ("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966 )
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To: Oldeconomybuyer

Decomposing leaves are a surprising source of greenhouse gases and Canada has a lot of leaves , what will Trudeau do about that ,LOL


4 posted on 03/31/2022 7:25:23 AM PDT by butlerweave
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To: butlerweave

Cut down all the trees for firewood?


5 posted on 03/31/2022 7:26:33 AM PDT by nascarnation (Let's Go Brandon!)
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To: nascarnation

People like Trudeau think their country is in a box and the air stays put ,LOL


6 posted on 03/31/2022 7:27:42 AM PDT by butlerweave
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To: Oldeconomybuyer

Tomorrow will be April. It is snowing in Nova Scotia. Aren’t they ready for warmer weather? If so, they need a new Prime Minister.


7 posted on 03/31/2022 7:29:26 AM PDT by packagingguy
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To: Oldeconomybuyer

Canada is already a net carbon sink. Our forests pull more CO2 than we produce.

Net zero would mean we do our best to increase CO2 output, wouldn’t it?


8 posted on 03/31/2022 7:41:35 AM PDT by Don W (When blacks riot, neighbourhoods and cities burn. When whites riot, nations and continents burn.)
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To: Oldeconomybuyer

“and oil and gas pollution has risen 19%”

Note the term ‘pollution’. CO2 is NOT pollution, but the Left has redefined the term. I wonder if Zelensky considers CO2 pollution, considering what he said yesterday?


9 posted on 03/31/2022 7:51:01 AM PDT by BobL (Putin isn't sending gays into our schools to recruit children, but anti-Putin people are)
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