Trudeau’s growing demand for climate change on oil and gas is causing criticism of its hometown


News analysis

Up to COP26, NS G20 Oil and gas were less restless, but Canada’s Prime Minister Justin Trudeau stood out by intensifying discussions on the fight against emissions. But when he returned home, his words caused some astonishment to the industry already working towards Net Zero 2050. The leader’s pledge did not seem to have affected some of the world’s largest polluters.

NS G20Meeting in Rome October 30-31, did not promise to achieve net zero by 2050. The proposed time frame is “ Mid-century.. Carbon-intensive countries such as China, Russia and Saudi Arabia 2060.. China and Russia did not attend COP26.

The G20 did not take further steps to phase out fossil fuel subsidies.

With the energy crisis and the surge in inflation, current demand for oil and natural gas is unmistakable. US President Joe Biden had previously requested the Organization of Petroleum Exporting Countries (OPEC) to increase production. In promoting toward Net Zero 2050 International Energy Agency Forecast OPEC’s share of the global supply of much less oil to expand.

But Trudeau has increased pressure on Canada’s energy sector by talking about hard caps.

“Today, Canada will limit emissions in the oil and gas sector and move to ensure that they are reduced at the pace and scale needed to achieve net zero by 2050,” Trudeau said. Tweet It will take place on November 1st at COP26 in Glasgow, Scotland, from October 31st to November 12th. The United Nations Conference of the Parties (COP) is the world’s hottest climate conference. Paris AgreementA legally binding international treaty on climate change was achieved at COP21 in 2015.

Alberta’s Minister of Environment and Parks Jason Nixon said BNN Bloomberg The federal government has not invested enough to meet its emission reduction targets.

“The prime minister seems to go and set goals on a regular basis, but he’s not actually investing to ensure that those goals are achieved,” he said. “Their investment does not meet their ambitions.”

China Is the world’s top source of carbon emissions, producing 28% of the world’s greenhouse gas (GHG) emissions, and 60% of its electricity comes from coal. However, no additional efforts have been made to reduce emissions.Canada, on the other hand, is responsible Less than 2 percent Of GHG worldwide.

G20 leaders said they “take only one step for the baby” on environmental issues. John Carton, Director of the G20 Research Group at the University of Toronto October 31st analysis Of the Rome Summit.

He said the G20 “did little else” except to pay serious attention to natural carbon sinks and elaborate on the sources.

Big question remains

“Canada is the first major oil-producing country to move to limiting and reducing pollution from the oil and gas sector by 2050,” the federal government issued a statement on November 1.

The Government of Canada sets a five-year national emission reduction target. Building C-12, Was passed in June. “We guarantee that this sector will make a significant contribution to achieving Canada’s 2030 climate goals.” The federal government seeks advice from the Net Zero Advisory Board on how to best pursue this approach. increase.

Conservative Pierre Poirievre, Minister of Employment and Industry Shadows, Tweet“Does Trudeau’s oil and gas caps apply to the dirty dictatorship we import, or to Canadian-made energy? Seeking hundreds of thousands of workers increase.”

To move to a low-carbon economy, many questions related to investment, carbon pricing and employment remain unanswered in Canada. Expectations for COP26 to work in fine print as social energy demands increase and thousands of livelihoods are balanced, while environmental groups claim they are not doing so quickly. Hope for the people in the club).

“It is very important that the federal government and the natural gas and oil industry work together to ensure that environmental and social outcomes are met. To achieve the ambitions of the Paris Agreement, the world emits less. We need to increase access to natural gas and oil, “said Tim McMillan, President and Chief Executive Officer of the Canadian Petroleum Producers Association (CAPP), in a statement.

“Canada can position itself as a preferred global supplier, create jobs and prosperity for Canadians, and help reduce global greenhouse gas emissions in a proper policy environment.” McMillan said.

Alberta On November 1, we announced an investment of $ 176 million to reduce GHG emissions through 16 clean energy projects. The initiative is expected to reduce annual emissions by approximately 7 million tonnes by 2030.

Rahul Vaidyanath

Rahul Vaidyanath

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Rahul Vaidyanath is a journalist in The Epoch Times of Canada. His areas of expertise include economics, financial markets, China, and defense and security. He has worked at the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York and Los Angeles.

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