CALGARY — Oil sands producer Cenovus Energy Inc. will aim to achieve “net zero” greenhouse gas emissions by 2050, joining a recent cavalcade of oil companies trumpeting their environmental aspirations. The Calgary-based firm also announced it intends to reduce its…
Ranks as a responsible supplier compared to most other major oil and gas exporting nations.
Carbon tax should replace other, less efficient policies with the same objective and be offset by cuts in other taxes.
Process eliminates greenhouse gas emissions from traditional smelting by producing oxygen.
It’s responsible for about 56 million tonnes per year of the total of 71 million tonnes of GHGs emitted.
Foreign imports could be lowered 47% by using space on existing pipelines, railcars and ocean tankers.
Angel Gurria notes a willingness to reduce emissions but falling far short of targets.
Report warns trillions of dollars in investment needed to green Canada’s economy.
The Conference Board of Canada outlines what the transition might look like.
Don’t expect to see a balance sheet laying out the specific path to 524 million tonnes of greenhouse gases.
Trans Mountain pipeline would add 14-17 million tonnes of CO2 equivalent per year.
Province sticks to original timeline to reduce GHG emissions by 80% of 2007 levels by 2050.
But report says country is on track for significant reductions.
US and China, accounting for nearly 40% of global emissions, formally join the agreement this year.
Energy sector made up 81%; agriculture the next biggest sector at 8%.