Canada unveils multibillion-dollar plan to cut carbon emissions
Canadian Prime Minister Justin Trudeau has unveiled a $7.3bn (9.1 billion Canadian dollars) plan to help the country meet its carbon emissions target, including significant reductions in the oil-and-gas sector.
Speaking in Vancouver on Tuesday, Trudeau linked Europe’s effort to move away from Russian oil and natural gas after the country’s invasion of Ukraine to a broader, global push towards renewable energy.
“The leaders I spoke with in Europe over the past few weeks were clear: They don’t just want to end their dependence on Russian oil and gas, they want to accelerate the energy transformation to clean and green power,” Trudeau told reporters.
“The whole world is focusing on clean energy,” he said, “and Canada cannot afford not to do that.”
The plan announced on Tuesday includes a $2.3bn (2.9 billion Canadian dollars) investment in zero-emission vehicles and related infrastructure, as well as $800m (one billion Canadian dollars) to “green” Canadian homes and buildings.
The government also says it will work closely with provinces and territories to develop an approach to cap oil-and-gas sector emissions to achieve net-zero emissions by 2050 and reduce oil-and-gas methane emissions by at least 75 percent by 2030.
Trudeau has been hailed as a climate leader internationally, pledging to cut Canada’s emissions and invest in cleaner energy. But his Liberal government has been slammed for backing the expansion of oil pipelines and other energy projects that critics have said would worsen the climate crisis.
Last year, the Liberals set a new target of slashing carbon emissions by 40 to 45 percent below 2005 levels by 2030. But an independent parliamentary watchdog concluded that Ottawa had not done enough to reach that goal, after poring over decades of government climate actions that yielded an increase in emissions.
Environment Commissioner Jerry DeMarco said in November that Canada was ranked the “worst performer” among the G7 industrialised nations in cutting emissions.
While Canada represents about 1.6 percent of global CO2 emissions, it is among the top 10 largest emitters globally and one of the highest emitters per capita.
Trudeau’s new emissions reduction plan comes just days after his government last week announced it would raise oil and gas exports this year by up to 300,000 barrels per day – an increase of about 5 percent.
The move, Environment Minister Jonathan Wilkinson said last Thursday, aimed to help Canada’s allies respond to “an energy security crisis” caused by Russia’s continuing invasion of Ukraine.
Canada, home to the tar sands of northern Alberta, is the fourth-largest oil producer in the world after Russia, Saudi Arabia and the US, and for weeks, pro-oil Canadian politicians have called for the expansion of fossil fuel projects in response to the Ukraine crisis.
On Tuesday, environmentalists welcomed Ottawa’s plan, but said they would be watching its implementation closely. Read More...