The proposed targets from the federal government for the oil and gas sector are likely impossible to hit, Alex Pourbaix said. Read more.
“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 production,” Pourbaix said during a conference call with investors.
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 gasPourbaix said the federal targets significantly exceed the 30 per cent reduction by 2030 that oilsands producers have committed to under the Pathways Alliance — a consortium of six major oilsands firms who have pledged to decarbonize production to reach net-zero by 2050.
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