Prime Minister Carney and Alberta government agree to reduce methane emissions in oil and gas sector by 75% below 2014 levels by 2035.
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Prime Minister Carney and Alberta government agree to reduce methane emissions in oil and gas sector by 75% below 2014 levels by 2035.
Prime Minister Carney announces an agreement-in-principle between Canada and Alberta to reduce methane emissions in the oil and gas sector. The objective is to achieve a 75% reduction below 2014 levels by 2035 in Alberta. The agreement includes a performance-based approach combining regulations, offset credits, and targeted investments. Canada and Alberta plan to develop an equivalency agreement under the Canadian Environmental Protection Act, 1999, where federal methane regulations would be replaced in Alberta if equivalent emissions reductions are achieved. An independent third party will assess emissions reductions, ensuring transparency and accountability in the process.
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