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Fueling the Transition: Categorizing emissions-reducing oil and gas projects according to Canada’s climate investment taxonomy
The Canadian Climate Institute outlines criteria to ensure oil and gas projects eligible for a 'transition' label align with 1.5°C pathways. The proposed framework requires projects to be part of existing facilities, demonstrate significant Scope 1 and 2 emissions reductions against sectoral benchmarks, and ensure upstream Scope 3 suppliers are also aligned with 1.5°C pathways. It specifically excludes new oil and gas developments to prevent carbon lock-in and stranded asset risks.
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Document type: Report
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