The oil & gas sector, only 5% of Canada’s economy, is Canada’s most polluting sector causing around 30% of national emissions. The oil & gas sector showed emission increases of 11% since 2005: https://www.canada.ca/en/environment-climate-change/services/environmental-indicators/greenhouse-gas-emissions.html#oil-gas
It is why we have failed to meet climate targets.
“Furthermore, progress has stalled in reducing emission intensity; in fact, overall intensity in the oilsands has risen 1% since 2018.” – Pembina Institute: https://www.pembina.org/pub/waiting-to-launch-2024
Policies, like the proposed corporate emissions cap or pollution cap can not only help us address climate change but a fair cap on emissions from oil and gas, at the same level as Canada’s national climate target (45% below 2005 levels by 2030), would avoid the premature deaths of approximately 4,860 people in Canada over a decade, and come with economic benefit of CAD $45.1 billion, according to an analysis from the Canadian Association of Physicians for the Environment (CAPE), this is before considering the climate change and non-fatal impacts of the air pollution prevented by a strong cap.
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