Secteur pétrogazier : Canada voie carboneutralité et équité régionale
Summary
The report identifies the oil and gas sector as the primary obstacle to Canada's 2030 climate targets due to rising emissions. It proposes four complementary policies: strict methane regulations, targeted public support for carbon capture and storage (CCS), an emissions cap for the sector, and a government-backed transition investment taxonomy. The author emphasizes that explicitly addressing regional equity is essential for the political durability and success of these climate policies.
Key insights
- The oil and gas sector is the largest and fastest-growing source of greenhouse gas (GHG) emissions in Canada, accounting for 189 Mt of emissions in 2021, which represented 28% of the country's total official emissions.
- Strict methane regulations targeting a 75% reduction by 2030 are identified as a low-cost strategy that could achieve one-third of the reductions needed to align the oil and gas sector with Canada's carbon neutrality goals.
- To make carbon capture and storage (CCS) economically viable for existing oil sands facilities, the report suggests combining investment tax credits with carbon contracts for difference to reduce political and financial uncertainty.
- An emissions cap for the oil and gas sector is proposed to ensure the industry meets 2035 and 2050 targets, preventing the sector from offsetting CCS-funded reductions by increasing production elsewhere.
- The report recommends the federal government formally adopt a climate investment taxonomy, similar to Australia's approach, to standardize transition risk information and attract private capital toward genuine emission reductions.
- Regional equity is presented as a critical but often ignored dimension of climate policy; without it, policies may face opposition from provinces like Alberta and Saskatchewan, who view sector-specific caps as unfair compared to other industries.
- Global demand for Canadian oil and gas is expected to decline as the world transitions to carbon neutrality, risking the creation of non-competitive stranded assets if the sector fails to adapt.
Cite the original document
- APA
- Canadian Climate Institute (2023). Secteur pétrogazier : Canada voie carboneutralité et équité régionale. https://institutclimatique.ca/publications/secteur-petrogazier-canada-voie-carboneutralite-equite-regionale/
- Chicago
- Canadian Climate Institute. Secteur pétrogazier : Canada voie carboneutralité et équité régionale. 2023. https://institutclimatique.ca/publications/secteur-petrogazier-canada-voie-carboneutralite-equite-regionale/.
- Wikipedia
- {{cite report |author=Canadian Climate Institute |title=Secteur pétrogazier : Canada voie carboneutralité et équité régionale |date=20 September 2023 |url=https://institutclimatique.ca/publications/secteur-petrogazier-canada-voie-carboneutralite-equite-regionale/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{canadianclimateinstitute2023secteur, author = {{Canadian Climate Institute}}, title = {{Secteur pétrogazier : Canada voie carboneutralité et équité régionale}}, institution = {Canadian Climate Institute}, year = {2023}, month = sep, url = {https://institutclimatique.ca/publications/secteur-petrogazier-canada-voie-carboneutralite-equite-regionale/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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