AuscandocJun 7, 2024

#OilAndGas executives face questions about their profits and #emissions plans at committee - The Globe and Mail https://apple.news/AOLQ-lPzRROepFX0NTxFGPw

“Ms. Collins told The Globe and Mail that other sectors of Canada’s economy are working hard to reduce emissions, and so should oil and gas. She added that taxpayers should not be on the hook to make that happen when companies are making record profits.”

Oil and gas executives face questions about their profits and emissions plans at committee — The Globe and Mail

Energy firm tell MPs of their goal to reduce emissions while also increasing Canada’s oil output in the years to come

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“While individual companies are pursuing other emissions-reducing technologies at their operations, such as using solvents instead of steam and using new in-pit extraction processes, a 2022 analysis by the #PembinaInstitute found that Canadian #OilSands companies have done little to follow through on their public pledges to reduce their greenhouse gas emissions.
And a study from Britain-based climate think tank InfluenceMap, said the #PathwaysAlliance is actually blocking #ClimateAction .”
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“It found that Pathways has given oil and gas companies a vehicle to brand themselves as climate-conscious entities as a cover to undermine climate policy by not supporting a federal emissions cap, asking for exemptions under Ottawa’s proposed clean electricity regulations and attempting to weaken oil and gas sector methane regulations.”
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“Cenovus CEO Jon McKenzie and Brad Corson, CEO of Imperial, agreed that a cap isn’t needed for the oil and gas sector, because significant regulatory incentives are already in place.
“I think you just need to judge us by our actions and you’ll see continued reductions in our emissions,” Mr. Corson said.”

And judging them by their INaction we are

Jun 7, 2024 at 2:58amWeb