Ottawa to require oil, gas companies to cut carbon emissions

[Oscar]

Ottawa to require oil, gas companies to cut carbon emissions by one-third

[ https://globalnews.ca/news/10849688/car ... as-canada/ ]

By Mia Rabson and Nick Murray The Canadian Press - November 4, 2024

EXCERPT: "Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations published Monday.

The government is also going to establish a cap-and-trade system that Environment Minister Steven Guilbeault said will reward lower-emitting producers and incentivize higher-polluting ones to do more.

The regulations, which are still only in draft form and about two years behind schedule, were met with dismay from industry leaders and are further straining relations between Ottawa and the Alberta government.

Alberta Premier Danielle Smith called the measures “unrealistic targets” and said her government would act quickly to challenge the regulations in court. She accused Guilbeault of having a vendetta against Alberta. . . . . "

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