Canada’s oil sands producers form alliance to achieve net-zero emissions by 2050 – Reuters
- Date: 10-Jun-2021
- Source: Reuters
- Sector:Oil & Gas
- Country:Middle East
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]