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The setting sun reflects off a tailings pond behind Syncrude’s oilsands upgrading facility north of Fort McMurray, Alta. on June 18, 2013. As a new U.S. president rejected the Keystone XL pipeline last week over climate concerns, a new survey came out that highlighted the differences between the Canadian and American oilpatch towards reducing greenhouse gas emissions. Earlier this month, Raymond James conducted a survey of 56 executives of private and public Canadian petroleum producers, mirroring a recent survey completed by the Federal Reserve Bank of Dallas. While the corporate leaders share similar points of view on the industry outlook — such as expectations for more mergers and acquisitions in 2021 — the biggest difference came on the environmental front. In the U.S., only 21 per cent of executives said their companies have plans to reduce greenhouse gas emissions, compared to 84 per cent in Canada. In the U.S., fewer than four in 10 producers surveyed have a plan to reduce emissions of methane, one of the most potent greenhouse gases. In Canada, that figure stood at 77 per cent. This advertisement has not loaded yet, but your article continues below. Article content continued It should be noted that […]
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