Industry may face new costs over methane cuts after high emissions reading
CAPP warns that new regulations shouldn't load industry with too many new costs.
EDMONTON — Canada’s energy industry may be facing increased costs from having to reduce emissions of a potent greenhouse gas more than expected.
The industry, as well as the federal and Alberta governments, has promised to cut methane emissions by 45%.
A new study suggests methane emissions are so much higher than previously believed that reductions will have to almost double to achieve that goal.
An industry spokesman says oil and gas producers still plan to reach the targeted cut.
But Patrick McDonald of the Canadian Association of Petroleum Producers (CAPP) warns that new regulations shouldn’t load industry with too many new costs.
An Environment Canada spokeswoman says if methane emissions are indeed higher, regulations will have a proportionately greater impact.
The Alberta government says it remains committed to the 45%.