Federal-Alberta Agreement Shifts Methane Emission Reduction Targets: Industry Praises, Environmental Groups PuzzledThe federal government and Alberta have revised the timeline for reducing methane emissions from the oil and gas sector, pushing the target from a seventy-five percent cut by 2030 to 2035. This change, using 2014 as the baseline, has surprised environmental groups but pleased the energy industry. Methane, a potent greenhouse gas, is a significant concern due to its short-term impact and the oil and gas industrys role as Canadas largest source of methane emissions. Industry representatives welcomed the extended timeline, while climate experts questioned the need for more time, as technology to manage methane is already available. Other provinces, like British Columbia, have set ambitious methane reduction targets, raising questions about potential deals with Ottawa and the influence of LNG exports and U.S. policy changes. The cost of meeting the original targets was estimated at $15.4 billion, leading to calls for more collaboration with the federal government under the new approach.
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