By Fraser Institute —— Bio and Archives--June 1, 2023
In 2021, the Government of Canada enacted the Canadian Net-Zero Emissions Accountability Act, more commonly discussed as “Net-Zero Emissions 2050.” The goal of this Act is to ensure that in the year 2050, Canada’s emissions of greenhouse gases to the atmosphere are balanced by actions within Canada that pull greenhouse gases back out of the atmosphere, or at least, prevent some from entering that would otherwise have done so.
Pursuant to that, Canada enacted an interim plan, the 2030 Emissions Reduction Plan, which has a specific sub-component dealing with the greenhouse gas emissions that come from Canada’s oil and gas sector, a sector mostly found in Western Canada. This subcomponent would require “emission reductions [from the oil and gas sector] to 31% below 2005 levels in 2030 (or to 42% below 2019 levels)”, which would build a pathway to net-zero emissions by 2050.
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