QSA's Week in Utilities & Power (#8, 2024)
Senate probes oil subsidies; BC gets decarbonization boost; Nuclear waste site chosen; Ontario transit goes electric; Geothermal project in NWT.
Start Date: 2024-11-23
End Date: 2024-11-29
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Senate Committee Examines Oil and Gas Subsidies and Emissions Reduction
The Senate Committee on Energy, the Environment and Natural Resources met to discuss the Canadian oil and gas industry's impact on climate change. Statistics Canada's Jennifer Withington highlighted the sector's 7.7% contribution to GDP and employment of 446,000 people. Natural Resources Canada's Erin O'Brien explained the framework for identifying inefficient fossil fuel subsidies, noting $5.3 billion from the federal government in 2023. Concerns about carbon capture progress were addressed, with Drew Leyburne mentioning active projects and needed industrial investment. Paola Mellow of Environment and Climate Change Canada discussed regulatory efforts to reduce methane emissions. The complexities of balancing emissions reduction with energy affordability were acknowledged.
Sources: ['Transcripts: senparlvu.parl.gc.ca']
