Framing the Canadian government’s goals for cutting greenhouse gas (GHG) emissions from fossil fuel production as too much, too soon, management at Cenovus Energy Inc. expressed doubts about how workable the system would be for natural gas and oil producers.

cenovus portfolio map

“I am very worried that if we remain on this path, it could lead to shutting in production at a time when the world is literally crying out for more oil and gas,” Cenovus’ president Alex Pourbaix told analysts Thursday while reviewing second-quarter earnings.

The Trudeau government has urged the oil and gas industry to cut GHG emissions 42% from 2019 levels by 2030. 

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Pourbaix...