Finance Minister Siobhan Coady touted the province’s ‘low-carbon oil’ last week as she defended her government’s investment in oil exploration
Climate scientists say there is no such thing as “low-carbon oil,” despite the Newfoundland and Labrador government’s claims that it exists in the province’s offshore.He says it’s true that there are fewer greenhouse gas emissions produced from extracting oil from offshore Newfoundland than from the oil sands in Alberta.
Newfoundland and Labrador Finance Minister Siobhan Coady touted the province’s “low-carbon oil” last week as she defended her government’s investment of more than $60 million for oil exploration. The approximately 195 signatories to the agreement committed to limiting global temperature increases to 1.5 C.
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