Alberta’s oil-and-gas sector will be closely following climate negotiations at COP26 in Glasgow
has since raised the bar for its own emissions reductions ambitions, saying it now aims for a 40 to 45 per cent reduction by 2035. To help meet that target, the government has announced five-year emissions reductions targets for the oil and gas industry as well as regulations around methane.
Goodman said while in the past, the oil-and-gas industry may have looked to the UN climate summits with a sense of trepidation, that’s no longer the case. Since Paris, Goodman said, the industry has undergone a sea change in its understanding of the climate change issue, with many companies making net-zero commitments of their own and investing in everything from hydrogen to carbon capture and storage to wind power.
However, neither Alberta Premier Jason Kenney nor any of his cabinet ministers will attend the climate summit. In an e-mail, Environment Minister Jason Nixon said the UCP government is avoiding non-essential travel right now, adding, “one more politician flying into Glasgow is not going to make any meaningful difference.”
Gary Mar, president and chief executive of the Calgary-based non-partisan think tank, the Canada West Foundation, said many Albertans are concerned that COP26 will mean an evermore aggressive push toward the total phaseout of fossil fuels. He said the energy industry is making real strides on emissions reductions, but it’s foolish for anyone to suggest it can flip on a dime overnight or be replaced tomorrow by renewables.
“Alberta is responsible for the largest proportion of Canada’s total emissions, the oil-and-gas sector is the largest single economic subsector, so Canada cannot achieve the emissions reductions it needs to achieve without the jurisdiction that’s responsible for the largest portion of those emissions,” Dyer said.
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