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Canada considers extending timeline for oil industry emission targets

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MONTREAL: Canada, the world's fourth-largest oil producer, is considering pushing back its greenhouse gas reduction timeline for its oil industry, the environment minister told media Saturday (Jul 23). The government recognises that 'some of the measures that will be needed to achieve those deep emission r

MONTREAL: Canada, the world's fourth-largest oil producer, is considering pushing back its greenhouse gas reduction timeline for its oil industry, the environment minister told media Saturday .

"There's a possibility that if the industry needs a bit more time, then we can provide some flexibility while ensuring that Canada still meets its 2030 goals," Guilbeault said. The oil and gas industry, which makes up for more than a quarter of the country's carbon emissions, is critical to achieving this goal, an interim target on the road to achieving carbon neutrality by 2050.

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