Climate Politics
Canada Orders Emissions Cuts Up to 38% for Oil and Gas Firms
- Federal government sets emissions cut target for 2030
- Cap-and-trade system will be implemented to achieve cuts
Steven Guilbeault, Canada's environment minister.
Photographer: David Kawai/BloombergThis article is for subscribers only.
Canada will require its oil and gas industry to cut emissions to 35% to 38% below 2019 levels in six years in what the government is calling a historic first for a major fossil-fuel producing country.
Environment Minister Steven Guilbeault announced the long-promised oil and gas emissions cap Thursday at the COP28 summit in Dubai, a policy likely to inflame tensions with conservative leaders of western provinces that are home to the bulk of the industry.