Government of Canada to announce proposed approach to tackle greenhouse gas pollution and drive innovation in the oil and gas sector
November 3, 2024
OTTAWA, ON—The Government of Canada today announced its proposed approach to reduce greenhouse gas pollution and drive innovation in the oil and gas sector. The approach is based on three pillars:
- Reducing emissions: The government will implement a suite of measures to reduce emissions from the sector, including:
- A cap on emissions from oil and gas facilities
- A carbon pricing system
- Investments in clean technology
- Driving innovation: The government will support the development and deployment of new clean technologies for the sector, including:
- Investments in research and development
- Support for pilot projects
- Partnerships with industry
- Working with partners: The government will work with provinces, territories, Indigenous peoples, and industry to implement this approach.
“The oil and gas sector is a major contributor to Canada’s economy,” said the Minister of Environment and Climate Change. “But it is also a major source of greenhouse gas pollution, we need to take action to reduce emissions from the sector while also supporting innovation and economic growth.”
The proposed approach is a balanced approach that will reduce emissions from the sector while also supporting innovation and economic growth. The government will work with provinces, territories, Indigenous peoples, and industry to implement this approach.
The government will launch a 75-day public consultation period on the proposed approach on November 22, 2024. The consultation will provide an opportunity for Canadians to provide their input on the approach. The government will also engage with provinces, territories, Indigenous peoples, and industry on the approach.
The government will finalize the approach in spring 2025.
Background
The oil and gas sector is a major contributor to Canada’s economy. It accounts for about 10% of Canada’s GDP and employs over 250,000 Canadians. The sector is also a major source of greenhouse gas pollution. It accounts for about 25% of Canada’s greenhouse gas emissions.
The Government of Canada is committed to reducing greenhouse gas pollution and transitioning to a clean energy future. The proposed approach is a key part of this commitment.
Additional Resources
- Government of Canada announces proposed approach to tackle greenhouse gas pollution and drive innovation in the oil and gas sector
- Backgrounder on the proposed approach
- Consultation on the proposed approach
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