Trudeau’s platform included a promise to keep the industry on track for net-zero emissions by 2050, cut methane emissions by 75% from 2012 levels by 2030, eliminate fossil-fuel subsidies in two years and develop a plan to phase out public financing of the sector.
The industry is “a recognized leader” in environmental innovation and emissions reduction as well as a large employer and economic partner for indigenous communities, McMillan said. He called Canadian natural gas and oil “better sources of energy for the world” given Canada’s environmental and human-rights standards.
“Our ask of the federal government is to support Canadian prosperity by getting behind our country’s resources and to trust Canadians to protect the environment rather than relying on other nations to supply the world’s needs for natural gas and oil,” McMillan said.
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COMMENTARY: Taxes and Regulations Will Increase the Cost of Producing New Energy In Alberta, Making it Less Competitive Than the US – Jack Mintz