Oil and gas producers say they will drill 8% more wells in Canada next year as they look to take advantage of new shipping options, including a controversial government-owned pipeline.
Amid forecasts that Canada is not on target to reach its emissions reductions goals, on Friday the Canadian Association of Energy Contractors (CAOEC) predicted nearly 500 more wells next year, to 6,229 projects.
The environment minister, Steven Guilbeault, has said his government hopes to draft a proposal before the Cop28 climate conference, which begins in Dubai next week.
“Canada is the only G7 country that has not achieved any emissions reductions since 1990,” Jerry DeMarco, commissioner of the environment and sustainable development, told reporters earlier this month.
The federal government bought the embattled TransMountain project from Kinder Morgan in 2018 for C$4.5bn (US$3.3bn), with the prime minister arguing Canada needed to alleviate a crude-oil transportation bottleneck that costs Canadian oil producers billions annually in forgone export revenue.
“We know there is zero room to expand oil and gas extraction and meet climate targets,” said Conor Curtis of the Sierra Club Canada Foundation.
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This is the best summary I could come up with:
Oil and gas producers say they will drill 8% more wells in Canada next year as they look to take advantage of new shipping options, including a controversial government-owned pipeline.
Amid forecasts that Canada is not on target to reach its emissions reductions goals, on Friday the Canadian Association of Energy Contractors (CAOEC) predicted nearly 500 more wells next year, to 6,229 projects.
The environment minister, Steven Guilbeault, has said his government hopes to draft a proposal before the Cop28 climate conference, which begins in Dubai next week.
“Canada is the only G7 country that has not achieved any emissions reductions since 1990,” Jerry DeMarco, commissioner of the environment and sustainable development, told reporters earlier this month.
The federal government bought the embattled TransMountain project from Kinder Morgan in 2018 for C$4.5bn (US$3.3bn), with the prime minister arguing Canada needed to alleviate a crude-oil transportation bottleneck that costs Canadian oil producers billions annually in forgone export revenue.
“We know there is zero room to expand oil and gas extraction and meet climate targets,” said Conor Curtis of the Sierra Club Canada Foundation.
The original article contains 403 words, the summary contains 182 words. Saved 55%. I’m a bot and I’m open source!