Greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as output grew, an analysis by S&P Global showed on Wednesday, suggesting absolute emissions from the carbon-intensive sector could peak sooner than previously expected.
for public funding to develop costly CCS technology.
Liberal Prime Minister Justin Trudeau's government is targeting a 40%-45% cut in emissions from 2005 levels by 2030, but is unlikely to get there without significant reductions from the oil and gas industry, the country's highest-emitting sector. It attributed the flattening of absolute emissions to industry-wide greenhouse gas intensity improvements such as using less steam in thermal oil sands projects and better operating efficiency.
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