As global demand for energy sources continues its ascent, Canada’s energy sector remains a key player. The country is witnessing advancements in emission reduction efforts, with a notable 24% decrease in emissions from “conventional” oil production between 2019 and 2021.
Alberta’s oil and gas producers are making significant strides in reducing methane emissions, achieving a 45% reduction from 2014 levels three years ahead of the 2025 target. Even in the oil sands, emissions did not increase in 2022 despite rising production, with expectations pointing towards a decline before 2025, as reported by S&P Global.
The Pathways Alliance, consisting of producers in the oil sands, seeks to attain net-zero emissions from its operations by 2050. This goal is backed by the implementation of one of the globe’s most substantial carbon capture and storage (CCS) projects, slated to be functional by 2030. With an investment of $1.8 billion, the alliance is actively pushing forward this initiative, underscoring its dedication to fostering sustainable practices within the energy sector.
Have you read?
Ranked: The most and least expensive US states to retire in 2024.
The Most (And Least) US States For A Family Of Four, 2024.
The Most (And Least) Costly US States For Single Workers, 2024.
These Are The 100 Best U.S. Cities for First-Time Homebuyers for 2024.
American News Brands For CEOs: Top 20 news websites in the United States for 2024.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
