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Oil, gas companies told to cut emissions by one-third under planned cap

  • Canadian oil and gas producers must reduce greenhouse gas emissions by about one-third over the next eight years, according to new regulations from Environment Minister Steven Guilbeault.
  • The emissions target requires operations to fall to 35 percent less than 2019 levels by 2030-2032, with half the cuts likely coming from methane reductions.
  • The regulations are in draft format, could strain relations between Ottawa and Alberta, and do not require production cuts.
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