Canada’s Oil and Gas Industry Faces Serious Challenges in Move to Cut GHGs
Cutting back on Canada’s biggest source of greenhouse gas (GHG) emissions will pose significant challenges for its oil and gas sector but is essential to making good on the country’s commitment to fight climate change, the Senate Committee on Energy, the Environment and Natural Resources said in a report released last month.
Canada’s Oil and Gas in a Low-Carbon Economy is the committee’s fourth report in its ongoing study of Canada’s transition to an economy that generates less carbon dioxide and other greenhouse gases while remaining strong and vibrant. The committee is studying what it will cost Canadians to meet GHG reduction targets under the United Nations Framework Convention on Climate Change, often known as the Paris Agreement. It is looking at the effect of Canada’s commitment on the five heaviest-emitting sectors of the country’s economy.