CANADA recently unveiled a plan that will mandate oil and gas companies to cut emissions up 38% from 2019 levels by 2030.
Canada introduced a cap and trade system that would allow firms to buy offsets if their emissions are too high.
According to Federal Environment Minister Steven Guilbeault, the framework considers the global demand for oil and gas and the importance of the sector in the Canadian economy.
It also sets a strict but achievable limit.
“It considers the global demand for oil and gas, and the importance of the sector in Canada’s economy, and sets a limit that is strict, but achievable,” according to Steven Guilbeault, Federal Environment Minister, Canada.
Canada’s oil-producing provinces oppose plan to reduce emissions of oil & gas firms.
However, the plan received opposition, including the federal conservative opposition, and Canadian provinces of Alberta and Saskatchewan.
These two are Canada’s main oil-producing provinces.
Saskatchewan Premier Scott Moe said that the framework is another example of the federal government hurting his province’s economy.
He also said that the emissions cuts contained in the plan will be another burden to the oil and gas sector of Saskatchewan, aside from carbon tax, methane emissions proposal, and clean electricity regulations.
The premiere also took to X, formerly known as Twitter, to express his opposition.
Meanwhile, Alberta Premier Danielle Smith and the Province’s Environment Minister, Rebecca Schulz, described the framework as the latest example of the heavy-handedness of the federal government towards the province.
“Albertans will not tolerate it. Our province is simply done with what amounts to a steady stream of economic sanctions and punitive measures thrown upon our citizens and businesses to intentionally damage their livelihoods,” Danielle Smith, Alberta premier, Canada, said.
Canada aims to reduce its emissions by 40 to 45% or below 2005 levels by the end of the decade.
