Canada reinvigorates its climate change strategy
Ottawa has updated its climate change plan to overshoot its Paris Agreement target
The Canadian government finally became serious about achieving its international climate change commitments in December, with Prime Minister Justin Trudeau announcing a raft of measures including a massive increase to the already controversial federal carbon tax. In the update to its 2016 climate change plan, the federal government is forecasting a reduction to the country’s greenhouse gas (GHG) emissions of at least 31pc by 2030, from 2005 levels, slightly more than its Paris Agreement target of 30pc. And that is despite backtracking somewhat in the scope of its clean fuel standard (CFS). Before the update, it was projecting only a 19pc reduction in emissions over the period. The Trudeau go
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks