Canada’s oil sands producers form alliance to achieve net-zero emissions by 2050 – Reuters

Canada’s oil sands producers form alliance to achieve net-zero emissions by 2050 – Reuters

Canadian oil sands producers said on Wednesday they would form an alliance to achieve net-zero greenhouse gas emissions from their operations by 2050, as the cash-rich firms come under pressure to meet the country's goal on energy transition.

Oil sands producers, which extract some of the world's most carbon-intense crude, face investor pressure to reduce their environmental impact.

Prime Minister Justin Trudeau plans to raise Canada's carbon price steeply over time to position the country for carbon-neutral status by 2050. [https://reut.rs/3pArwFG]