Net Zero: the new climate plan will not be ready before March: Guilbeault


Welcome to Net Zero, your daily industry update on clean energy and Canadian resource policy.

The head

A new federal climate plan will not be ready until the end of March, Environment Minister Steven Guilbeault said on Friday. After passing the net zero liability law in June, the government is due to release a plan to reduce carbon emissions by 2030 within six months.

But Guilbeault said his government would take advantage of a clause to delay the release of the plan for another three months, pushing it back to March 29, 2022 or earlier.

According to Guilbeault, the delay is necessary to ensure that the provinces, indigenous peoples and other stakeholders have the chance to vote on the content of the plan.

“The debate on whether we should act is long over,” he said. “Now we have to figure out how we can get where we need to go, together. “

Guilbeault also launched consultations for the four pillars of the government’s environmental platform, including cars that emit zero greenhouse gases (net GHGs), an electricity grid that emits zero net GHGs, a cap on emissions from the oil and gas industry, and lower methane emissions. The Canadian Press has the whole story.

Internationally

The World Petroleum Congress (WPC) begins today, but travel restrictions designed to limit the spread of the Omicron variant have reduced the number of energy executives and government ministers in attendance.

According to the WPC, the energy ministers of Saudi Arabia, Kazakhstan, Qatar, Argentina, Equatorial Guinea, Greece, Turkey and Romania withdrew from the conference over the weekend. Reuters has more.

British environmental activists are filing a challenge this week with the Supreme Court to determine whether the country’s fossil fuel strategy is illegal. The Guardian has more on this story.

Recent research from the University of Washington suggests that melting sea ice in the Arctic Ocean caused by climate change is causing killer whales to spend more time in these waters, thereby disrupting local ecosystems.

“These results (demonstrate) an evolving Arctic, both in … the presence of killer whales themselves, and in … the impact that increased predation by killer whales may have on Arctic food webs. “said lead author Brynn Kimber. CTV News has the details.

At the same time, Goldman Sachs launched a green finance group with the International Finance Forum, a think tank in Beijing. Reuters also has this story.

On Monday morning at 10:51 a.m., West Texas Intermediate was trading at US $ 67.88 and Brent Crude at US $ 71.73.

In Canada

After a precautionary shutdown that lasted more than three weeks, the Trans Mountain pipeline restarted on Sunday. The company said emergency work is still needed on the pipeline, including “shoreline shielding” and adding ground cover or relocating sections of the pipeline. The Canadian Press has more.

In the latest development in the Baffinland Iron Mines saga, the Nunavut Impact Review Board said it would admit portions of a controversial video as evidence of Baffinland’s proposed Mary River mine expansion. The video includes testimonials from Inuit employees who spoke in favor of the company’s expansion proposal, but was qualified by much propaganda. Nunatsiaq News has the story.

The City of Ottawa has launched a loan program to help homeowners renovate their homes to make it greener. CBC News has the details.

Finally, following the sale last week of the Come by Chance oil refinery in Newfoundland and Labrador to a Texas company, CBC News is telling you what the deal means and what remains to be determined.

The Canadian crude index was trading at US $ 48.94 and the Western Canadian Select was trading at US $ 47.46 this morning at 10:51 a.m.

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