Vows to create a $2 billion fund to create jobs in oil and gas-reliant communities
As he seeks re-election, Prime Minister Justine Trudeau vowed to regulate total emissions from Canada’s oil and gas producers if he succeeds.
The Liberal leader said he will set out regulated five-year targets for emissions from oil and gas production to get them to net-zero by 2050.
From 2011 to 2019 combined natural gas, condensate and natural gas liquids production in Canada’s oil and gas sector increased by 32 per cent. At the same time, emissions intensity decreased by 33 per cent, according to a report from the Canadian Association of Petroleum Producers (CAPP).
Trudeau also said the Liberals will create a $2 billion fund to create jobs in oil and gas-reliant communities in Alberta, Saskatchewan and Newfoundland and Labrador.
“Let’s be realistic, over a quarter of Canada’s emissions come from our oil and gas sector. We need the leadership of these industries to decarbonize our country,” Trudeau said, according to a report from Global News. “That’s why we’ll make sure oil and gas emissions don’t increase and instead go down with achievable milestones.”
The Liberal will also introduce an interim electric vehicle mandate to require half the cars sold in Canada to be zero-emission by 2030, with the target of 100 per cent by 2035.
