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Emission Targets in Canada Boost Efforts to Stop Greenwashing

  • Nation aims to reduce emissions 40%-45% below 2005 levels
  • Plans additional steps to achieve environmental objectives
Canada released a set of targets its industries must meet for the country to reach its greenhouse gas emission goals, giving investors a benchmark to better assess the impact of environmental, social and governance-labeled securities. 

Canada released a set of targets its industries must meet for the country to reach its greenhouse gas emission goals, giving investors a benchmark to better assess the impact of environmental, social and governance-labeled securities. 

Photographer: Brent Lewin/Bloomberg

Canada released a set of targets its industries must meet for the country to reach its greenhouse gas emission goals, giving investors a benchmark to better assess the impact of environmental, social and governance-labeled securities. 

Canada pledged to reduce greenhouse gas emissions 40% to 45% below 2005 levels by 2030. The emission reduction plan released Tuesday is a sector-by-sector road map of measures needed for to reach its objectives. For instance the oil and gas industry should reduce its emissions to 31% below its 2005 levels by the end of the decade, which comes to about 42% below 2019 levels.