Oil and gas, buildings offset 2022 emissions cuts: report

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Oil and gas, buildings offset 2022 emissions cuts: report
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Canada grew its carbon footprint in 2022 largely due to rising emissions from the oil and gas sector, as well as from buildings, according to a new estimate from the Canadian Climate Institute.

The independent estimate was published on Thursday by 440 Megatonnes, a project of the Canadian Climate Institute. It found that in 2022, total emissions in Canada increased by 2.1 per cent, or 14.2 megatonnes from a year earlier.

Rick Smith, president of the Canadian Climate Institute, noted that the trends come as Canada’s climate policies and shift to clean tech appear to be successfully cutting emissions. That sector, along with oil and gas, have seen “substantial increases” in carbon emissions since 2005, the organization said, where as emissions from electricity have dropped 56 per cent in the same time period.

That increase, however, was offset by climate policy and market drivers, including clean energy deployment, which the estimate found to have reduced emissions by 22.9 megatonnes, resulting in a net increase of 14.2.

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