Some experts say the European regulations are a sign of things to come for the global energy market and should send a message to producers to take methane reduction more seriously.
Flares burn off methane and other hydrocarbons at an oil and gas facility in Lenorah, Texas, Friday, Oct. 15, 2021.Alberta’s environment minister expressed little concern that European countries are taking steps toward tariffs on imported natural gas associated with highRebecca Schulz said there have only been a few conversations about the emerging exporting issue as she visited the United States capital this week.
Some experts say the new European regulations are a sign of things to come for the global energy market and should send a message to producers to take methane reduction more seriously.Methane is called a climate “super pollutant” and other jurisdictions, including the U.S., are also moving toward more stringent targets and imposing limits for methane intensity on gas imports. That could impact the Alberta market in the future.
However, Schulz said she is not concerned by the shifting regulations in the energy market, touting Alberta’s action on the environment. She said Alberta reduced emissions by 45 per cent, reaching that target three years ahead of schedule.“We did that by working with industry and making sure that we set up policy, regulation and incentives,” Schulz said.
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