(Bloomberg) -- Canada will require its oil and gas industry to cut emissions to 35% to 38% below 2019 levels in six years in what the government is calling a historic first for a major fossil-fuel producing country.Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesWall Street’s AI Craze Drives Nasdaq 100 Up 1.5%: Markets WrapApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpHarvard,

The official announcement is here

For context, the bulk of emissions from the oil and gas industry happen when their products are burned. These emissions are not covered by this.

  • Sonori@beehaw.org
    5·
    1 year ago

    The bulk may not be, but they still account for about a fifth of all oil and gas emissions, that’s not nothing. I don’t know if this Canadian law specifically is targeting methane leaks, but given how much they contribute and how trivial they are to stop it makes sense to go after them. While the whole industry needs to be dismantled to get to net zero, cuting this part of it now may buy valuable time.