Federal oil and gas emissions cap another 'burden' on Sask. energy industry, premier says
Mere moments after details surrounding Ottawa’s planned cap on oil and gas emissions were revealed, Saskatchewan Premier Scott Moe said Thursday’s announcement by the federal government is another burden on the province’s economy.
On Thursday federal Finance Minister Steven Guilbeault said Canada’s oil and gas industry will be required to cut more than one-third of its emissions by 2030.
The new framework says emissions will need to be reduced 35 to 38 per cent below 2019 levels.
Contributing to a decarbonization fund or purchasing offset credits can decrease that requirement as low as 20 to 23 per cent.
Moe, who is still in Dubai for the COP28 conference, said while Saskatchewan and Canadian oil and gas producers have been in the middle-eastern country showing the world their potential, the federal government has spent the same time implementing more policies that will hobble a highly sustainable energy industry.
“Instead of taking the opportunity to promote Canada’s sustainable oil and gas industry on the world stage as Saskatchewan is doing, the federal government’s response has been to impose two new policies just this week, on methane and an oil and gas cap that target this sector and burden it with more red tape and regulations,” Moe said in his statement.
Guilbeault said the new cap is both sustainable and critical to lowering emissions from Canada’s most carbon-intensive sector.
Bodywork outlining the planned cap is being made public on Thursday with plans to publish draft regulations in the spring and have final regulations in place in 2025.
According to Moe, Saskatchewan has already taken significant steps to lower greenhouse gas emissions.
Moe said that includes reducing methane emissions by 64 per cent since 2015, installing the first operational carbon capture and storage system in the world at Boundary Dam Power Station in 2014, and investing billions of dollars in renewable energy sources such as solar, wind, biomass, and natural gas generation.
-- With files from The Canadian Press.
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.6976926.1721883767!/httpImage/image.png_gen/derivatives/landscape_800/image.png)
DEVELOPING Alberta's request for federal assistance approved after fast-moving wildfire hit Jasper National Park: Trudeau
Prime Minister Justin Trudeau announced on social media that Ottawa has approved Alberta's request for federal assistance after a fast-moving wildfire hit Jasper National Park and its townsite late Wednesday.
BREAKING Loblaw, George Weston to settle class action over bread price-fixing for $500 million
Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500-million to settle a class-action lawsuit regarding their involvement in an alleged bread price-fixing scheme.
EXCLUSIVE One address, 76 foreign currency dealers: Inside Canada's money service business 'clusters'
An IJF and CTV News investigation has found dozens of cases across Canada where multiple money services businesses (MSBs) are incorporated at the same address, sometimes without the knowledge or consent of the location's actual occupant. One money laundering expert calls it an 'abuse of the system.'
U.K. police officer suspended after video appears to show a man being kicked in head
A British police officer was suspended from all duties Thursday after a video was posted on social media that appeared to show an officer kicking and stamping on the head of a man lying on the floor of a terminal at Manchester Airport.
Barrie-Innisfil MPP 'blacked-out' and crashed car into window of child care centre
Staff at a Barrie child care centre say they are frustrated by what they call a local MPP's inadequate response after a car crashed through a window in one of the toddler rooms.
Norad intercepts Russian and Chinese bombers operating together near Alaska in apparent first
The North American Aerospace Defence Command (Norad) intercepted two Russian and two Chinese bombers flying near Alaska Wednesday in what appears to be the first time the two countries have been intercepted while operating together.
Biden explains why he ended re-election bid in Oval Office address
U.S. President Joe Biden on Wednesday delivered a solemn call to voters to defend the country's democracy as he laid out in an Oval Office address his decision to drop his bid for reelection and throw his support behind Vice President Kamala Harris.
Jasper mayor says alert system to be reviewed after message 'glitch'
More than 25,000 people have been displaced from Jasper National Park since wildfires started to threaten the picturesque corner of Alberta Rockies on Monday, but the mayor of its namesake municipality says not everyone received an evacuation alert when it was sent out.
Unclaimed bodies are piling up in Newfoundland. A funeral director blames the government
A funeral director in St. John's says the bodies piling up in freezers at Newfoundland and Labrador's largest hospital likely belong to people whose loved ones couldn't get enough government help to pay for a funeral.