Canada Sets Aggressive New Methane Emissions Regulations for Oil and Gas Industry

In a move to combat climate change, Canada has introduced stringent new regulations aimed at significantly reducing methane emissions within the oil-and-gas sector. According to Environment Minister Steven Guilbeault, by the year 2030, the routine flaring and venting of methane during oil and gas operations is expected to be largely eliminated. These draft regulations released during the COP28 climate talks in Dubai are designed to achieve a reduction of at least 75% in methane emissions from the sector relative to 2012 levels.

Understanding Methane's Climate Impact

Methane is a potent greenhouse gas that has a significantly higher heat-trapping ability compared to carbon dioxide, albeit for a shorter atmospheric lifespan. Its reduction is seen as a crucial step in global efforts to limit warming. Methane's contribution to Canada's total emissions was just under 14% in 2021, with the oil-and-gas industry contributing 40% of this share.

Progress and Challenges

A federal review conducted in 2021 indicated that the country was on course to meet its earlier goal to cut oil-and-gas methane emissions by 40 to 45% by the year 2025. However, more recent assessments suggest that methane leaks and emissions may be underreported, indicating a greater need for regulation and oversight. By targeting a 75% reduction by 2030, Canada is setting a more ambitious benchmark for the industry and signaling its commitment to environmental stewardship.

methane, emissions, regulations