Mar 29, 2022
By Christine Ross
The federal government is spelling out how it plans to significantly cut emission levels over the next eight years.
Prime Minister Justin Trudeau calls the just announced plan ambitious and achievable.
“Now we’re laying out a clear, emissions reductions plan that involves all the heavy polluting sectors of the economy, the oil and gas sector will have to reduce emissions by over 30% from 2005 levels and over 40% from today’s levels which is a significant responsibility for them to do” said Trudeau speaking to reporters in Vancouver.
Ottawa will spent over 9B in new investments that will boost incentives for zero-emission vehicles, sweeten tax breaks for companies in the fossil fuels sector and work to make Canada’s electricity grid cleaner.
Oil and gas accounts for more than one-quarter of Canada’s total greenhouse gas emissions, and the sector’s carbon footprint has grown 20 per cent since 2005.