Canada issues new oil and gas emissions framework targeting to cut GHG levels by 38% by 2030

The Canadian government has unveiled a draft regulation that will cap greenhouse gas emissions by its provinces oil and gas producers at 35% to 38% by 2030 compared with 2019 levels, federal ministers said Dec. 7 on a webcast from Dubai and Ottawa. “Based on current estimates that would result in issuing total allowances of between 106 megatons of carbon… The Canadian government has unveiled a draft regulation that will cap greenhouse gas emissions by its provinces oil and gas producers at 35% to 38% by 2030 compared with 2019 levels, federal ministers said Dec. 7 on a webcast from Dubai and Ottawa. “Based on current estimates that would result in issuing total allowances of between 106 megatons of carbon… Read More