cover image: Waiting to Launch - 2024 mid-year update

20.500.12592/41z6ui9

Waiting to Launch - 2024 mid-year update

5 Sep 2024

Pembina Institute | Waiting to Launch: 2024 mid-year update | 1 Introduction Since 2022, the Pembina Institute has produced a series of reports entitled Waiting to Launch: The gap between Canadian oilsands companies' climate pledges and actions.1 Since the last update in this series, twelve months ago, there have been important changes to the legislative landscape in Canada which are directly link. [...] The passage of the CCUS ITC was a crucial milestone, given that over the last three years, Canada’s oilsands companies have cited the finalization of the CCUS ITC as a key requirement for them to commence meaningful investments in decarbonization projects. [...] This is also despite the existence of a suite of publicly funded tools designed to support such investments, the finalization of which appears to have spurred other oil and gas companies to begin to move forward with their carbon capture projects in recent months. [...] Given the urgent need for a global shift to lower- carbon energy systems, and the importance of the oil and gas sector to Alberta’s economic stability and Canada’s export balance, we will continue to support these efforts to enable an orderly transition. [...] We respectfully acknowledge the space our organization is headquartered in as the traditional and ancestral territories of the Blackfoot Confederacy, comprised of the bands Siksika, Piikani, and Kainai, the Îyârhe Nakoda Nations, including the bands of Goodstoney, Chiniki, and Bearspaw, and the Tsuut’ina Dené.

Authors

Matt Dreis

Pages
13
Published in
Canada

Table of Contents