US EditionCenovus CEO Touts 'New Day' for Oil and Gas as Climate Scientist Warns of Disaster
Cenovus CEO highlights a policy shift as Canada considers removing emissions caps to boost oil development while balancing carbon capture and economic growth.
- Jon McKenzie, chief executive of Cenovus Energy, said in St. John's that he senses changing attitudes toward the oil and gas sector as the federal budget this month raised the prospect of removing the planned emissions cap.
- After Equinor paused Bay du Nord and sought national-interest status, industry says the planned emissions cap scheduled for 2030 discouraged offshore exploration and investment.
- Led by Canada's largest oilsands operators including Cenovus, the carbon-capture project would capture emissions from more than 20 oilsands facilities and transport them 400 kilometres by pipeline to a terminal in the Cold Lake area.
- Extended production from White Rose positions local economies to benefit from ongoing output, as the West White Rose expansion project will extend production 14 years and four east-coast oil installations have returned more than $20 billion in provincial treasury royalties since 1997.
- Concordia University climate scientist Damon Matthews warned expanding oil and gas conflicts with limiting warming to 1.5 C and said the world is on track to warm by about 3 C by century end, noting extraction versus combustion emissions matter.
14 Articles
14 Articles
Cenovus CEO touts 'new day' for oil and gas as climate scientist warns of disaster
ST. JOHN'S — The chief executive of Cenovus Energy says it feels like a "new day" for the oil and gas industry, as Canada appears willing to shift its stance on emissions regulations. Jon McKenzie told reporters in St. John's, N.L.
Cenovus CEO touts 'new day' for oil and gas as climate scientist warns of disaster
ST. JOHN'S — The chief executive of Cenovus Energy says it feels like a "new day" for the oil and gas industry, as Canada appears willing to shift its stance on emissions regulations. Jon McKenzie told reporters in St. John's, N.L.
Cenovus CEO touts 'new day' for oil and gas as climate scientist warns of disaster
ST. JOHN'S — The chief executive of Cenovus Energy says it feels like a "new day" for the oil and gas industry, as Canada appears willing to shift its stance on emissions regulations. Jon McKenzie told reporters in St. John's, N.L.
Cenovus CEO touts 'new day' for oil and gas as climate scientist warns of disaster
ST. JOHN'S — The chief executive of Cenovus Energy says it feels like a "new day" for the oil and gas industry, as Canada appears willing to shift its stance on emissions regulations. Jon McKenzie told reporters in St. John's, N.L.
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