Whatfuckingever - Alberta Tar Sands Operators Pledge "Net Zero" By 2050 With No Cutbacks In Output
Canadian tar sands producers have committed to achieve net zero emissions in their operations by 2050 to “help Canada meet its climate goal” while continuing to extract and produce oil for the next 30 years. Five major oil companies, Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy, which extract some of the world’s most carbon-intensive oil, announced they had formed the Oil Sands Pathways to Net Zero alliance on Wednesday.
The companies, which together operate about 90% of Canada’s tar sands, said they will work with the Canadian government and the provincial government of Alberta to roll out technologies that will enable them to cut emissions from their extraction and production process. Prime minister Justin Trudeau has committed to achieve net zero emissions by 2050. In 2018, the oil and gas sector was the largest source of Canada’s emissions, accounting for 26% of its total, according to government data.
Tar sands companies said the alliance aims to “develop an actionable approach” to cut emissions while “preserving the more than $3 trillion in oil sands contribution” to Canada’s economy to 2050. But they made no mention of phasing out production. The “net zero” strategy does not extend to emissions from consumers burning the oil, which are many times larger than those from the extraction process.
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In fact, planned oil production in Canada would lead to a 17% expansion between 2019 and 2030, according to recent analysis by Stockholm Environment Institute. This goes against modelling by the International Energy Agency (IEA), which found that new investments in expanding oil and gas production must stop by the end of the year for the sector to achieve carbon neutrality by 2050. “This kind of greenwash is worse than meaningless – it’s dangerous,” Alex Doukas, senior consultant at the Denmark-based KR Foundation, said of the alliance. “It fails to cover emissions associated with the tar sands products themselves. Nobody should cheer this nonsense.”
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https://www.climatechangenews.com/2021/06/10/tar-sands-companies-aim-net-zero-2050-no-plan-extract-less-oil/
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