Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says.
The federal government is proposing to use an industry-specific cap-and-trade system or a modified carbon pricing system to set a ceiling for emissions from the oil and gas sector and drive them down almost 40 per cent by the end of this decade.
For the world to have a shot at limiting global warming to 1.5 C, Canada and other wealthy fossil fuel producing nations need to stop all production by 2034, according to a new report.
There’s still time to save the Arctic summer sea ice at risk of disappearing by mid-century if countries around the world immediately do everything possible to reduce methane emissions, a new study says.
"We pride ourselves on being climate leaders, yet we have been highly resistant to tackling our role as global producers of fossil fuels," writes Seth Klein.
"We seem to constantly deal with improvised targets of ever-increasing ambition from a federal government that’s never come close to meeting its targets,” Alberta Premier Jason Kenney said.