Canada’s government is in talks with Alberta and energy firms about scrapping a federal emissions cap on the oil and gas sector, sources told Reuters, if the industry commits to reducing its carbon footprint through other measures.
The cap, which has not yet been enacted, would have required emissions to fall to 137 million metric tons by 2030, about 37% below 2022 levels. The oil and gas sector remains the country’s largest source of greenhouse gases, and growing production in the oil sands threatens national climate targets.
Prime Minister Mark Carney’s government is exploring the removal of the cap as part of a wider “climate competitiveness strategy,” expected later this autumn. Officials have stressed that any decision would hinge on firm environmental commitments, such as the Pathways carbon capture and storage project, according to sources familiar with the talks.
The move signals a shift from the government’s earlier position, which had indicated the cap would stay in place following draft regulations published under former Prime Minister Justin Trudeau. Canada’s oil industry has long opposed the cap, warning it would force production cuts.
Carney has said he aims to make Canada a “world-leading energy superpower” by promoting clean energy while supporting conventional oil and gas production, and is also seeking to improve relations with Alberta after tensions over environmental policies, according to Reuters.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Min...
Pakistan offered to host talks between Iran and the U.S. to bring about an end...
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by t...
Türkiye is pursuing a cautious approach to the escalating Middle East conflict while maintaining regional ties, President Recep Tayyip Erdoğa...
Traders placed more than $500 million in oil bets minutes before Donald Trump announced a delay to planned strikes on Iran, ...
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Pakistan offered to host talks between Iran and the U.S. to bring about an end to the Middle East conflict on Tuesday (24 March), as U.S. President Donald Trump repeated that Washington was speaking to Tehran, despite the White House downplaying earlier comments by Trump saying the same thing.
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by tensions with the U.S. over Greenland and mounting domestic concerns.
Türkiye is pursuing a cautious approach to the escalating Middle East conflict while maintaining regional ties, President Recep Tayyip Erdoğan said on Tuesday, warning against actions that could deepen instability.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Trump says U.S. found “major points of agreement” with Iran and has paused strikes on Iranian power plants, but Tehran denies any direct talks or negotiations, contradicting U.S. claims - latest on Middle East conflict.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by tensions with the U.S. over Greenland and mounting domestic concerns.
Eurozone private sector growth almost stalled this month, a key survey showed on Tuesday, adding to evidence that the bloc is already feeling economic fallout from the U.S. and Israeli war with Iran, with inflation rising and growth slowing.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
Russia launched drones and missiles overnight on Tuesday at Ukraine, killing at least three people, damaging houses and triggering fires, Ukrainian officials said.
British Prime Minister Sir Keir Starmer said on Monday (23 March) that Britain must plan for the possibility that the Iran war could continue for some time, and added that he had no "meaningful concerns" about energy supply.
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