Environment commitments not met by Canada's energy companies: Report - BNN Bloomberg

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A new report said most of Canada's oil producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures.

Most of Canada's oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said.

Last year, Canada's six largest oilsands producers and two existing oilsands organizations, pledged to meet Canada’s climate imperatives under the Pathways Alliance. Pathways Alliance"recognizes it has a major role to play in helping Canada meet its climate goals," said Diling. Several initiatives have been put in place or are underway by the Government of Alberta, said director of Pembina Institute's oil and gas program Jan Gorski, including the incoming Investment Tax Credit, finalization of green fuel regulations, the carbon pricing system and the cap on oilsands emissions.

 

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