CanadaBԪַs transition to BԪַnet zeroBԪַ greenhouse gas emissions by 2050 includes not only B.C.BԪַs liquefied natural gas exports, but NewfoundlandBԪַs offshore oil, AlbertaBԪַs oil sands and OntarioBԪַs nuclear power, federal Natural Resources Minister Seamus OBԪַRegan says.
OBԪַRegan kicked off an energy and climate conference in Vancouver Dec. 3 with an upbeat speech on the future of the Canadian oil and gas industry, battered as it is by world market slumps, COVID-19 and a flight of international investment capital from Canada.
A few surprising comments from Natural Resources Minister today. Oil sands, nuclear part of Canada's "net zero" plan
BԪַ Tom Fletcher (@tomfletcherbc)
BԪַCanada cannot reach its climate goals without the oil and gas industry,BԪַ OBԪַRegan said by video link from his office in St. JohnBԪַs, Newfoundland, where the offshore oil industry is at a near standstill and construction of Husky EnergyBԪַs latest offshore platform is being kept alive with federal aid of $41.5 million announced this week.
Key to the net zero goal is B.C.BԪַs LNG industry, led by the LNG Canada export facilities at Kitimat and the Coastal GasLink pipeline from northeast B.C.BԪַs shale gas resources. Bryan Cox, CEO of the Canadian LNG Alliance, said LNG CanadaBԪַs plan to be the lowest-emitting producer in the world is getting international attention of investors.
Hosted by the Greater Vancouver Board of Trade and law firm Bennett Jones, the conference included Anna Stukas of , which has a direct air capture plant at the demonstration stage, pulling carbon dioxide out of the atmosphere. Stukas said the facility not only creates BԪַnegative emissionsBԪַ to balance emitting activities such as oil and gas, the captured CO2 can be converted to lower-emission diesel and jet fuel. This is a way reduce emissions in truck and air transportation, two of the most difficult areas to make progress, she said.
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Doug Slater of FortisBC, the provinceBԪַs main private electricity and gas provider, said his company is pursuing innovations such as compressed natural gas for transport trucks, LNG for shipping to replace diesel and bunker fuel, and applications for hydrogen fuel.
Fortis is putting $100 million a year into incentives for household retrofitting and high-efficiency appliances, an approach endorsed by OBԪַRegan.
BԪַI have become a convert of retrofitting homes and businesses,BԪַ he said, estimating that as much as 40 per cent of CanadaBԪַs commitments to the Paris climate agreement in 2016 can come from that strategy.
OBԪַRegan acknowledged that investment has drained away from Canada, after years of international protest targeting AlbertaBԪַs oil sands and B.C.BԪַs natural gas production. Canada became BԪַa box to checkBԪַ for big companies like Total, Shell and others to demonstrate to shareholders they are doing something about climate change, he said.