Skip to main content
Access every election story that matters
Enjoy unlimited digital access
$1.99
per week for 24 weeks
Access every election story that matters
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
// //

Natural Resources Minister Seamus O'Regan responds to a question during Question Period in the House of Commons in Ottawa on Feb. 17, 2020.

Adrian Wyld/The Canadian Press

Natural Resources Minister Seamus O’Regan says Canada will join the U.S. in establishing a platform for oil and gas producing countries to figure out how the sector can support implementing the Paris agreement on climate change and achieving net-zero emissions by 2050.

Dubbed the Net-Zero Producers Forum, it is intended to develop emission reduction strategies and would include Canada, Norway, Qatar, Saudi Arabia and the United States, collectively accounting for about 40 per cent of global oil and gas production.

It is to discuss ways to reduce methane emissions, advance the circular carbon economy, develop and deploy clean-energy and carbon capture, use and storage technologies and diversify economies from reliance on hydrocarbon revenues.

Story continues below advertisement

The forum is being developed in parallel to the Leaders’ Summit on Climate hosted virtually by U.S. President Joe Biden this week.

Biden announced Thursday that the U.S. would cut its greenhouse gas emissions by 50 to 52 per cent compared with 2005 levels by 2030 and Prime Minister Justin Trudeau vowed Canada would slash its GHGs by 40 to 45 per cent over the same period. The targets were called “extremely aggressive” by Precision Drilling Corp. CEO Kevin Neveu.

On Friday, Finance Minister Chrystia Freeland defended Canada’s higher target in a presentation to the Canadian Club in Toronto, saying that while the energy sector is very important to Canada, it has to be part of the climate change solution because “that’s where the emissions are.”

O’Regan said the world is increasing climate ambitions and Canada will lead the way.

“We have hundreds of thousands of workers who know how to build energy infrastructure, and they’ll be the ones to lower emissions and build our clean energy future,” O’Regan said in a statement.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies