Oil and gas sector emissions need to be cut two-fifths by 2030, new climate plan says
OTTAWA — Prime Minister Justin Trudeau told the Canadian oil industry Tuesday that it should use the massive bump in profits from the current surge in prices to fund a transition to cut their emissions.
The federal government unveiled an emissions-reduction plan to reach its new greenhouse-gas targets by 2030. It projects the oil and gas industry needs to cut emissions 42 per cent from current levels if Canada is to meet its new goals.
Speaking at the Globe Forum sustainability conference in Vancouver, Trudeau said it is a “clear, reasonable contribution” for the sector to make and that the money is there for it to be done.
“With record profits, this is the moment for the oil and gas sector to invest in the sustainable future that will be good for business, good for communities and good for our future,” Trudeau said.

