Prime Minister Justin Trudeau set a carbon emissions reduction target of 40-45% by 2030 for Canada, matching the goal declared Thursday by President Biden at the virtual global climate change summit.
“Canada understands that if you don’t have a plan to tackle climate change, then you don’t have a plan to create jobs and economic growth,” Trudeau said.
“Canada will continue to work closely with the United States and other countries to reach our ambitious climate goals,” added a statement by the prime minister’s Liberal administration in Ottawa.
While U.S. climate policies remain in planning and debating stages, Canadian counterparts adopted since the Liberals won office in 2015 are being put into practice.
As of April 1, Canadians are paying a 33% increase in a carbon tax to C6.6 cents/liter of gasoline (25 cents/gallon) and C5.9 cents/cubic meter of natural gas ($1.38/MMBtu).
An array of other Canadian climate policy initiatives have been announced, from buyer subsidies for electric cars and low-emission home improvements to tax cuts for clean energy hardware manufacturers and a national campaign to plant two billion trees.
Still, the Canadian green new deal stops well short of prohibiting fossil fuel exports or even their growth.
The Trudeau government supports 960,000 b/d of expansions under construction by Trans Mountain Pipeline and Enbridge Inc.’s Line 3, and is campaigning to save the 540,000 b/d Enbridge Line 5 from closure as an environmental menace in Michigan.
Natural gas pipeline additions, aimed at increasing both exports and domestic deliveries, are also underway by Canadian and U.S. subsidiaries of TC Energy Corp. with approvals by the Canada Energy Regulator and the federal cabinet.
Liberal ministers participating in Biden’s climate change summit along with other global leaders did not dwell on the pipeline projects or Canada’s long-standing prominence as an international oil and gas supplier. Instead, emphasis was placed on next-generation energy prospects.
Environment Minister Jonathan Wilkinson vowed to “accelerate the benefits of clean energy, clean technology and clean growth.” International Development Minister Karina Gould pledged, “Canada will continue to support developing countries in their transition to a carbon-neutral and nature-positive future.”
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