Canada has no intention to reduce its carbon emissions
Source: https://the-peak.ca/2022/12/canada-has-no-intention-to-reduce-its-carbon-emissions/
Author: Evan Eschelmuller
Canada has plans to be “net-zero” by 2050, which means cutting greenhouse gas emission rates to as low as possible. Beyond that, the country intends to cut its emissions to roughly half of 2005 levels by 2030. Typically, a country’s CO2 emissions are measured based on domestic production. This means that Canada, like other countries, measures its carbon footprint by assessing only CO2 emitted at home. As a result, Canada produces oil and gas for other countries to emit, while claiming we’re reducing emissions. We see this with Canadian oil companies committing to be “net-zero,” while still producing fossil fuels for global consumers. Allowing fossil fuel producers to misrepresent the full scope of their emissions by excluding global exports incentivises production and expansion projects. This system encourages everyone to continue producing fossil fuels, and even expand their production, as long as their emissions on the production side of things decrease dramatically. When individual oil and gas producers all have this same incentive, the sum total of these emissions will be disastrous for the planet.