OTTAWA — Canada and other major fossil fuel producers are on track to derail global climate targets, a new international report says.
The Production Gap Report, released Monday by three climate research groups, warns that countries plan to produce 120 per cent more oil, gas and coal in 2030 than is compatible with the Paris agreement’s 1.5-degree warming limit.
Canada is singled out for one of the largest projected increases in oil production by 2030, trailing only Saudi Arabia, Brazil, the United States and Nigeria. Report contributor Nichole Dusyk says Canada’s contribution is likely underestimated, as it does not reflect new liquefied natural gas projects approved since last year.
The report also notes Canada has scaled back some climate policies, including repealing the carbon price and pausing the electric vehicle sales mandate, while continuing to spend heavily on projects such as the Trans Mountain pipeline.
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