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“No other major oil-producing country has done what we are doing [by imposing] a cap on GHG emissions from the oil and gas sector,” argues the federal Minister of Environment and Climate Change, Steven Guilbeaut. .
However, Canada, the fourth largest oil producer in the world, is among the countries forecasting the greatest increase in production over the coming years. As indicated by the IPCC and the International Energy Agency, this increase is incompatible with the objective of the Paris Agreement, which aims to limit global warming at 1.5 degrees Celsius, notes Ms. Brouillette.
The regulation should lead to an end to the continued expansion [of production] that has long been the elephant in the room of Canada's climate policies.
A quote from Caroline Brouillette, executive director of the Climate Action Network Canada
Of the same opinion, the president of the Climate Institute of Canada, Rick Smith , believes that the process must be accelerated. This ceiling, he specifies, is necessary, reasonable and feasible.
Mr. Smith emphasizes that it is in addition to the regulations on methane, which the federal government also presented in Dubai this week. Under the framework, the oil and gas industry would have to reduce its emissions of methane – a greenhouse gas more harmful than CO2 – by at least 75% compared to 2012 levels. p>
Once the regulatory processes, which require consultations, amendments and approvals, have passed, the regulation on capping emissions from the oil and gas sector could come into force in 2025, according to the government. But the implementation is likely to materialize in 2026.
The targeted installations should register before the end of 2025 or before the release of GHGs as part of an activity covered after January 1, 2026, it is indicated.
The government was initially due to present its plan at the start of 2023, before extending the deadline to the first half of the year and then promising a version by COP28.
These delays, recently denounced by experts from the University of Sherbrooke and the firm COPTICOM, compromise the achievement of targets and delay the action taken yet necessary by the climate emergency.
Even before the most important stages of the implementation [of the] regulation have been taken, the deadlines leading to its adoption are already showing significant delays, they write in a report published at the end of November.
The slowness of the regulatory processes and the opposition of certain provinces and the industry to this new regulation have delayed, according to them, the implementation of this flagship promise.
Provincial governments like those of Alberta and Saskatchewan, whose economies depend on the oil and gas industry, have tried to discourage Ottawa from imposing a cap, the so-called 'high' limit. calling for respect for its areas of competence.
Before the announcement of the regulatory framework, the six largest oil sands producers in the country, united under the banner of the Alliance new routes, had made it known that they were not opposed to the idea of a cap, provided that it did not excessively limit their ability to increase their production.
With the contribution of Elisa Serret and Mathieu Hagnery.
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