Canadian Natural Resources Ltd. pledged to reduce greenhouse gas emissions by 40% from 2020 levels by 2035. Read more.
None of the Pathways companies, including Canadian Natural, have made a final decision to invest in a $16.5-billion carbon capture and storage hub and pipeline proposed for northern Alberta — a project that is viewed as key to meeting the sector’s climate ambitions.Article content
CNRL’s new climate target was met with skepticism from analysts and industry watchers who were incredulous about the sector’s previous emissions targets, though some expressed hope that government incentives and regulatory policies anticipated in the 2023 federal budget could make emissions targets more achievable.
Scott MacDougall, with clean energy think-tank the Pembina Institute, praised the company’s progress on reducing methane emissions but said the sector is deploying its record profits on payouts to shareholders rather than on major decarbonization projects.
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