Canada has released draft guidelines on how new oil and gas projects should demonstrate 'best-in-class' greenhouse gas emissions performance, following up on a government announcement first made in April.
The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd KorolOct 5 - Canada has released draft guidelines on how new oil and gas projects should demonstrate "best-in-class" greenhouse gas emissions performance, following up on a government announcement first made in April.
Canada, the world's fourth-largest oil producer, has pledged to cut carbon emissions 40-45% below 2005 levels by 2030, and reach net-zero emissions by 2050.Prime Minister Justin Trudeau's Liberal government is trying to balance its climate ambitions with the interests of the oil and gas sector, which makes up around 5% of Canadian GDP, but is also the highest-polluting sector of the economy.
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