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.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time bein...
Iran and Oman discussed a phased plan for a temporary shipping corridor through the Strait of Hormuz during the Omani foreign minister’s visi...
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissio...
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
At least nine people have been killed and hundreds of tourists are missing after a massive landslide triggered catastrophic flooding near Nepal’s Himalayan border with China’s Tibet region.
Instagram Chief Adam Mosseri has acknowledged that few teenagers used Instagram’s “Take a Break” feature before it became a default setting, as Meta faces a major U.S. trial over child safety.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 26th of August, covering the latest developments.
U.S. President Donald Trump has formally sent a landmark nuclear cooperation agreement with Saudi Arabia to Congress, opening a new phase in a deal that has already sparked debate over nuclear proliferation and Riyadh's ambitions.
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